Tue, Oct 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

InfraHedge hires hedge fund industry veteran Robert Picard as President, North America

Friday, March 15, 2013
Opalesque Industry Update - InfraHedge, the State Street-owned managed account platform with over $7.6 billion of client assets, today announced it has appointed Robert Picard to the newly-created role of President, InfraHedge North America.

Picard will lead InfraHedge’s North American business and further strengthen the firm's global management team. He brings more than 20 years’ experience and a deep knowledge of the hedge fund industry. He will report directly to Akshaya Bhargava, InfraHedge's Co-Founder and Chief Executive Officer.

"Robert has been closely involved with InfraHedge since 2012, initially as a Senior Advisor, and his input has been incredibly valuable,” said Bhargava. “In the light of our current and projected growth over the next two years, we are very pleased to have someone of his caliber joining our business in North America.

His expertise in managed accounts and visible enthusiasm for next generation solutions for the hedge fund industry will benefit both our clients and our firm.”

"I am delighted to be leading InfraHedge in North America; it is a unique model in the managed account industry and is already playing an important role in driving the evolution of this sector towards greater investor choice and transparency,” added Picard. “Its pure-play and conflict-free business model, solely focused on providing infrastructure for dedicated separately managed account programs for large institutional clients, was one of the main things that attracted me to the role.”

Picard has hands-on experience building three multi-billion dollar hedge fund platforms at The Carlyle Group/Rock Creek, Optima Fund Management and RBC Capital Markets. Most recently he has been a leader at Lyxor Asset Management, Navigant Consulting’s Financial Institutions Restructuring and Solutions Team (FIRST) and Boxtree Capital LLC (his own firm), as Managing Partner advising emerging hedge fund managers.

Mr. Picard graduated from College de Genève and attended the University of Geneva School of Law.

Press release

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad