Managing Partners Limited appoints new Head of Institutional Sales
Managing Partners NewsDecember 6th, 2007
Managing Partners Limited (MPL), the Cayman Islands-based fund management group, has announced the appointment of Pierre Capitaine as Head of Institutional Sales.
Pierre has worked in the investment industry for over twenty years and held a number of senior management roles. He began his career in the late 1980’s as a ring trader at the Geneva stock exchange and later moved on to work with a number of high profile Swiss banks.
Jeremy Leach, Managing Director of Managing Partners Limited commented, “Pierre has a strong background in the investment industry and was the natural choice for this role. He brings a wealth of experience to the position and I am delighted that he will be adding fresh impetus into an area in which we have already experienced strong growth.” Pierre Capitaine comments, “Traded Life Policies are a new and unique asset class which offer institutional investors low volatility and smooth predictable returns. These unique qualities have meant that over the last 10 years the TLP market has grown exponentially from $50m to over $10bn.“The appetite for TLPs among institutional investors remains extremely strong and I look forward to helping to build on the company’s already extensive pool of investors.”
As well as managing bespoke portfolios for institutions, MPL also offers the Traded Policies Limited fund. The fund is available in sterling, euros and US dollars and targets an annual return of 9% per annum, net of all charges.
Registered in the Cayman Islands, the fund is specifically structured for institutional investors and carries no initial charge. The annual management fee is just 0.3 per cent.