NEW YORK, April 2, 2014 /PRNewswire/ -- Investcorp's New York-based Hedge Funds Group announced today that Jonathan Joyce has joined the firm as Head of Operational Risk for the Hedge Funds Group.
Mr. Joyce has nearly 10 years of hedge fund operations experience and joins Investcorp from FRM Investments LLC, a subsidiary of Man Group Plc, where he most recently served as the Deputy Head of Business Risk.
In his new role with Investcorp, Mr. Joyce will be responsible for monitoring the Hedge Funds Group's operational risk and performing operational due diligence on all current and prospective hedge fund investments. Mr. Joyce reports to Sunil G Nair, Head of Risk for the Hedge Funds Group.
"Jonathan joins our hedge funds risk team with a tremendous track record for managing operational risk," said Mr. Lionel Erdely, Head and Chief Investment Officer of the Hedge Funds Group. "We continue to emphasize and deepen our strong risk management culture as fiduciaries as we implement ambitious growth plans in managing multi-manager hedge fund portfolios and seeding of talented emerging managers."
As of December 31, 2013, Investcorp's Hedge Funds Group had approximately $4.8 billion of assets under management, including over $2 billion allocated to the Single Manager Platform, the firm's hedge fund seeding business that was established in 2004.
Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in New York, London, Bahrain, Saudi Arabia and Abu Dhabi. Investcorp has three business areas: corporate investment in the US, Europe and the Gulf, real estate investment in the US and global hedge funds. As at December 31, 2013, Investcorp had $11.3 billion in total assets under management. Further information, including our most recent periodic financial statements, which details our assets under management, is available at www.investcorp.com.