Tremont Capital Management, Inc. has appointed Jim Mitchell to the newly created position of Head of Investment Management, Europe. In this new position, Mitchell will lead Tremont’s European research unit from London and will oversee the investment process of evaluating, selecting and monitoring managers, as well as managing portfolios for select clients. In addition, Mitchell will supervise investment relationship management activities. He will report to Cynthia Nicoll, Senior Vice President, Director of Investment Management, for all research and investment-related responsibilities, and to Rupert Allan, Managing Director of Tremont’s London business, for investment relationship management activities.
“We are very fortunate to have Jim Mitchell assume this new position which furthers Tremont’s growth as a global investment management team with regional and strategy-specific specialists,” says Barry Colvin, President and CIO of Tremont.
“Jim’s deep knowledge of all major facets of the hedge fund investment process – including manager monitoring, portfolio construction, performance measurement and risk management – make him a perfect candidate to lead our European research efforts,” adds Nicoll. “In addition, his experience in such increasingly important areas as structured solution alternatives we expect will be a tremendous benefit for us in the European market.”
Tremont’s business outside of the United States has broadened to include major institutional investors in Europe and Asia. “As our business opportunities grow, it is critical that we continue to work closely with our clients since we intend to provide the highest level of service and responsiveness,” says Allan. “Jim’s experience and perspective working with clients make him a very valued member of the firm.”
In London, Mitchell will head a three-person research unit as well as a relationship management unit, with additional analyst and relationship management hires contemplated. Tremont’s research capabilities combine qualitative manager selection with a suite of quantitative tools. The firm oversees approximately $7.3 billion hedge fund of fund portfolios, with assets split between domestic and international portfolios.
Mitchell joined Tremont in April 2002 and, most recently, was Vice President of Investment Relationship Management working from Rye, New York. Prior to joining Tremont, Mitchell was Vice President of investments at Hennessee Group, where he had responsibilities in asset allocation, manager selection and in relationship management for high-net-worth and institutional clients. Earlier in his career, he was a Vice President with Citibank Alternative Investments. At Citibank, Mitchell worked in product development, including structured products, and also was involved with portfolio risk management. He began his career at Bankers Trust where he worked as a Relationship Manager for global custody clients. He graduated from Denison University with a BA in Economics.
Tremont Capital Management, Inc., an affiliate of Oppenheimer Funds, Inc., is a global investment management firm that provides alternative asset management services and solutions. Tremont is headquartered in Rye, New York, and has offices in Toronto, Bermuda and London.