The Hedge Fund Association (HFA) has launched a new chapter to advocate for hedge funds domiciled in Switzerland, Italy, Spain and Portugal. The group also named Jos Castellano, managing director of Pioneer Investments, as director of the Southern European Union (EU) Chapter.
It is increasingly clear that the fate of the economy in southern Europe is powerfully linked with the worlds economy. As such, it only makes sense for the HFA to take steps to advocate for hedge funds domiciled within this critical area, says David Friedland, president of the Hedge Fund Association and president of Magnum US Investments. We are also extremely pleased to have Jos Castellano as the public face of the Hedge Fund Association in Southern Europe. His deep ties to the alternative investment industry there, as well as his years of experience, will prove invaluable in our on-going efforts to advance transparency and trust in alternative investments.
According to Eurekahedge, 406 hedge funds are based in Italy, Spain and Switzerland with combined AuM of more than $68.3 billion. Additionally, Eurekahedge determined that 26 EU-focused hedge funds with AuM of between $2 and $3 billion invest in Portugal.
I am honored to spearhead the southern European branch of the HFAs global advocacy efforts on behalf of the alternative investment industry and hope that this new chapter can serve as a catalyst for this regions alternatives industry, Castellano says.
Castellano has worked for AB Asesores Bursatiles, Morgan Stanley and, since 2001, at Pioneer Investments, where he is currently responsible for the management of operations in the Iberian Penisula, offshore Americas and the Latin American markets.
(CG)