HFSB Board of Trustees

Chairman:
  • Antonio Borges

Trustees:
  • Peter Clarke, CEO, Man Group Plc
  • Tom Dunn, Managing Principal, New Holland Capital
  • Christopher Fawcett, Senior Partner, Fauchier Partners LLP, AIMA Board Member
  • Kathryn Graham, Director, BT Pension Scheme Management Ltd (BTPS)
  • Michael Hintze, CEO, CQS
  • Anthony Lim, MD, Government of Singapore Investment Corporation
  • Paul Marshall, Chairman and CIO, Marshall Wace LLP
  • Nicholas Moreau, Chairman, AXA Investment Managers Ltd, Chief Executive, AXA UK Ltd
  • David Neal, CIO, Future Fund, Australia
  • Russell Read, Founder and CEO, C Change Investments Management, LLC
  • George Robinson, Partner, CFO and Head of Research, Sloane Robinson
  • Manny Roman, Co-CEO, GLG
  • Simon Ruddick, MD & Co-Founder, Albourne Partners
  • Mario Therrien,Senior VP, Fund Management, Caisse de dépôt et placement du Québec

Antonio Borges, Chairman, HFSB

Antonio was formerly Vice Chairman and MD of Goldman Sachs in Europe (2000-2008). His responsibilities included investment banking, leadership development and strategy. Before that he was Dean of Insead (1993-2000). He also taught at the University of Lisbon, Portuguese Catholic University and Stanford University. Between 1990-1993 Antonio was Vice Governor of Banco de Portugal, where he took a leading role in the liberalisation of Portugal's financial system. Antonio is also Chairman and Founding Member of the European Corporate Governance Institute as well as a member of the European Corporate Governance Forum set up by the European Commission to examine best practices in Member States with a view of enhancing the convergence of national corporate governance codes and providing advice to the Commission. Antonio graduated from the Technical University in Lisbon and received his MA and PhD in Economics from Stanford University.

Peter Clarke, CEO, Man Group plc

Peter joined Man Group plc in 1993 following corporate finance roles with Morgan Grenfell and Citicorp and played a leading part in Man’s listing on the London Stock Exchange in 1994 and the completion of its 100% acquisition of AHL. From 2000 until 2007 Peter served as Man’s Finance Director, presiding over the acquisition of RMF and pursuing a strategy of focusing the business on alternative investment management, which included the IPO of the brokerage business, MF Global, in July 2007. He was appointed Chief Executive in March 2007. He is also Chairman of the firm’s Management Committee Peter is a trustee of the UK’s Hedge Fund Standards Board and a regular keynote speaker and contributor at industry conferences. He graduated with an M.A. in law from Queens’ College Cambridge.

Tom Dunn, Managing Principal, New Holland Capital

Tom joined ABP, the Dutch civil service pension fund, in 2002 to build their nascent hedge fund programme. In 2006 he launched New Holland Capital, the exclusive advisor to what is now APG's absolute return funds. APG is one of the largest pension asset managers in the world with assets under management of approximately 240BN Euros. Prior to 2002, Tom managed the fixed income asset management business at Lazard Asset Management and was a Sr. Portfolio Manager at Goldman Sachs Asset Management. He holds an MBA in Finance and a BA in English Literature from the University of Chicago.

Christopher Fawcett, Senior Partner, Fauchier Partners, AIMA Board Member

Christopher co-founded Fauchier Partners in 1994. Previously, he worked at Euris SA, a French investment holding company with substantial investments in private equity and hedge funds. He gained experience in the securities industry with Morgan Grenfell, Industrial Technology Securities, a venture capital company of which he was co-founder, and at the Duménil Group. He is an appointed member of the Council of the Alternative Investment Management Association (AIMA), a Director of the CFA Society of the UK and a Director of Mirabaud Gestion SA. Christopher has an MA in Law from Oxford University, an MBA with distinction from INSEAD, and is a qualified Chartered Accountant.

Kathryn Graham, Director, BTPS

Kathryn joined BT Pension Scheme Management Limited (BTPS) in 2004 to help establish a new team mandated to invest up to 5% of the BT Pension Scheme directly into single manager hedge funds. In 2007, she took responsibility for Manager Selection across the BT scheme before moving in 2008 to set up a new team tasked with managing liability risk. She has 15 years of experience in capital markets and hedge funds both as an end buyer and structurer and has a special interest in improving  the treatment of investors in hedge fund vehicles. Kathryn began her career at SG Warburg in 1994 and also worked at UBS and Progressive Alternative Investments before joining BTPS. She was educated at Edinburgh University, where she was awarded an MA in Economics and Mathematics. She is a Director of a number of BTPS offshore vehicles, an occasional board member of the UNPRI.

Michael Hintze, CEO, CQS

Michael is CQS’s Founder (1999), Chief Executive and Senior Investment Officer.  He is also Chairman of the CQS Exec Committee. CQS is a global diversified asset management group focusing on convertibles, credit and asset backed securities and manages a family of hedge funds, loan portfolios and long only products. Prior to that, Michael was MD in the Leveraged Funds Group at CSFB where he developed the strategy and management team for the CSFB Convertible & Quantitative Strategies Fund. Before this Michael was MD and European Head of Convertibles at CSFB from 1996, responsible for flow and proprietary trading, sales and research. Michael also worked at Goldman Sachs for 12 years in a variety of roles including; Executive Director and Head of UK Trading and Head of European Emerging Markets Trading. Prior to that Michael worked for Salomon Brothers, in New York, as a Fixed Income Trader trading Yankee Bonds after having completed the firm’s Graduate Training Program in 1982. Michael speaks fluent Russian. He holds a BSc in Physics and Pure Mathematics and a BEng in Electrical Engineering from the University of Sydney. He also holds an MSc in Acoustics from the University of New South Wales and an MBA from Harvard Business School.

Anthony Lim, MD, GIC

Anthony was appointed as President (Americas) in 2009, and is based in the GIC New York Office. From 1998 to 2009, Anthony worked in the GIC’s London office and was President (London Office).  He is also the adviser to the External Managers Department.  Prior to that Anthony was a Senior MD at Bankers Trust Company (1987-1998). He held various management and trading positions in the Global Markets division. Anthony worked in Singapore and London during his time at Bankers Trust.  He joined Bankers Trust from the Monetary Authority of Singapore, where he had worked from 1983, and included a stint from 1984 to 1986 in the MAS New York office. His last position at the MAS was as Head of the Foreign Exchange, Gold, and Liquidity Division. Anthony is a graduate of the National University of Singapore.

Paul Marshall, Chairman and CIO, Marshall Wace LLP

Marshall Wace LLP, is one of Europe’s leading hedge fund groups and manages a number of award-winning funds including the Eureka Fund.  Paul is a founding member of the Hedge Fund Standards Board.  In January 2009, he appeared before the UK Treasury Select Committee Review on the role of hedge funds in the financial crisis.  He is a member of HM Treasury Asset Management Working Group.

Nicolas Moreau, Chairman, AXA Investment Managers Ltd, Chief Executive, AXA UK Ltd

Nicolas has been the Group Chief Executive at AXA UK Plc since 2006. He also serves as Director, Member of Executive Committee, and Member of Remuneration Committee at AXA Investment Managers April 2002, Director and Chairman at AXA Investment Managers Paris and Axa Investment Managers S.A. He joined AXA in 1991 as a VP in the ... Treasury Department and in 1994 became the Head of the Corporate Finance and Treasury Department of AXA Group. Nicolas joined AXA Investment Managers in 1997 and facilitated the creation of a group called Quantitative and Structured Investments. In March 2000, he became COO and MD at AXA Investment. He was an Auditor at Arthur Andersen in Paris (1988-1991). In 2001, he became the Vice Chairman of AXA Rosenberg. He is a graduate of the Ecole Polytechnique and the Centre d'Etude Actuariel.

David Neal, CIO, Future Fund, Australia

The Future Fund Board of Guardians and the Future Fund Management Agency are responsible for investing the assets of the Future Fund, the Building Australia Fund, the Education Investment Fund and the Health and Hospitals Fund. David joined the Future Fund from Watson Wyatt Australia where he was Head of Investment Consulting. As at 30 June 2009 the Future Fund Board had $81.9bn in assets.  David started his career with Watson Wyatt in the UK and led the establishment of the firm's investment consulting business in Australia. He is a graduate of Oxford University.

Russell Read, Founder and CEO, C Change Investments Management, LLC

Prior to founding C Change Investments in 2008, Russell served as CIO for the California Public Employees’ Retirement System (CalPERS).  During his tenure, he made CalPERS a leader in clean technology and environmental investments, while producing superior returns among public pension plans. Russell also served as Chairman of the Investors’ Committee for the President’s Working Group on Financial Markets. Prior to CalPERS, he served as Deputy CIO for Deutsche (Bank) Asset Management (Americas) and Scudder Investments and Head of Quantitative Investing, Product Design, Risk Management, and Commodities Investing at Oppenheimer Funds.  Russell is a founding member of the P8 Group of the world’s eighth largest pension systems. He was recognised by SmartMoney in 2007 in its Power 30 list of the most influential people in business and finance and by Institutional Investor in 2008 as #35 on its list of the 75 most effective chief executives. Russell received his M.B.A. in Finance and International Business from the University of Chicago. He also holds a Masters Degree in Economics and PhD in Political Economy from Stanford University.  He is also a Chartered Financial Analyst (CFA) charterholder, a Chartered Life Underwriter (C.L.U.), and a Chartered Financial Consultant (Ch.F.C.).

George Robinson, Partner, CFO and Head of Research Sloane Robinson

George co-founded Sloane Robinson in December 1993. He is also Head of Research, CFO, and Manager of the SR Phoenicia Fund. Between 1979 and 1985 George worked for John Swire & Sons in Hong Kong, UK, Philippines and Korea. In 1985 he joined WI Carr and established their investment offices in both Seoul and Bangkok, before moving to Hong Kong as regional director of research. George graduated from Oxford University with a degree in Engineering Science.

Manny Roman, Co-CEO, GLG

Manny joined GLG Partners LP in 2005 as a co-CEO where he focuses primarily on expanding the business, marketing, risk management, operations, technology and compliance. Prior to joining GLG, Manny worked 18 years at Goldman Sachs International Limited, where he was involved in fixed income, investment banking and capital markets areas. In 1991 he became the co-head of Worldwide Equity Derivatives. In 1996 Emmanuel became MD of Goldman Sachs International Limited and in 1998 he was elected to partnership.  In 2001 he was appointed co-head of Worldwide Global Securities Services and in 2003 he also became co-head of the European Equities Division. Manny received an M.B.A. in Finance and Econometrics from the University of Chicago in 1987 and a bachelor's degree from the University of Paris in 1985.

Simon Ruddick, MD & Co-Founder, Albourne Partners

Albourne Partners is the world's largest hedge fund advisory firm, which he co-founded in March 1994. Albourne's 150+ clients have over 200 billion dollars invested in hedge funds. Albourne was awarded the Queen's Award for Enterprise in 2006 and again in 2009. Village.albourne.com, the not-for-profit website, has over 65,000 residents and has led to Simon Ruddick twice appearing in the Institutional Investor's Top 40 Online Entrepreneurs. Albourne has also hosted Hedgestock, featuring a performance by The Who, in 2006 to raise money for Teenage Cancer Trust. As well as appearing on Bloomberg TV, Ruddick’s appearances on CNBC have included hosting its Squawk Box programme.

Mario Therrien, Senior VP, Fund Management,
Caisse de dépôt et placement du Québec

Mario was appointed Senior VP, Fund Management, with the Private Equity group on June 15, 2009. He manages the teams responsible for investments in external private equity funds, including venture capital funds in the information technology and life sciences sectors, leveraged buyout funds and hedge funds. He joined the Caisse’s Alternative Tactical Investments team in 1992 as a financial analyst and was successively promoted to Assistant Manager and Manager. He was then assigned to the position of VP of Varan Tactical Asset Management, a fund specialising in global tactical investments, until 2002. Prior to that, he was VP of Funds of Hedge Funds, Absolute Return, and oversaw the team in charge of developing investment strategies using hedge funds on an international scale. Mario has a bachelor's degree in economics and a master's degree in finance from Université de Sherbrooke. He has also completed the securities course given by the Canadian Securities Institute and holds the chartered financial analyst designation from the CFA Institute. He is a member of the Montréal CFA Society.