3 Execs. Charged w/ Building a US Operation for a 68B Hedge Fund
3 Key Executives Charged with Building a US Operation for a 68B Public Hedge Fund!
The Man Group, a publicly traded hedge fund with roughly $68 billion under management, announced three new American-based hires, marking its first expedition into the American market.
Is it possible that The Man Group failed to insure the most overlooked risk of insuring large human capital exposures?
To set itself up for success in America, The Man Group strategically hired senior analysts Todd Kata and Jeremie Ho Hio Hen, in addition to the well-known Michael Callahan, formerly of the Blackstone Group, to attract notable investors with considerable capital.
There is no tiptoeing around the fact that top hedge fund managers are the key to a fund's success; and the driving force in attracting new capital.
Hedge Fund Key Person Disability: Benefits up to $125 M
Ochs-Ziff Management Group, LLC based in New York City stated in its 2010 10-K filing that "The success of our business depends on the efforts, judgment and personal reputation of our key partners, and the loss of these individuals could harm our business and jeopardize our relationship with our fund investors and members of the business community…which could result in a loss of substantially all of our revenue and earnings."
KEY TAKE AWAY
Many hedge funds are well versed in the need for key person life insurance, but disability to these young fund managers is the greater risk during their working years. Exceptional Risk Advisors can design, underwrite and bind key person disability coverage for hedge fund managers with limits up to $125 million on any one manager.
For Referral Sources
Exceptional Risk Advisors was published in REUTERS HEDGEWORLD last month after developing an article for our advisor base to separate themselves in the industry and educate their CPA and attorney referral networks.
"The Ultimate Hedge - Protecting a Fund Owner's Greatest Asset" details why need for Key Person Life & Key Person Disability protection for hedge fund managers is a critical risk management tool when working with unique and highly skilled talent.
To obtain your own copy, click here to download a copy or call us Toll Free at (866) 512-0444 for additional information.
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