HFA appoints director of its new southern Europe chapter
The Hedge Fund Association (HFA) has appointed José Castellano, managing director of Pioneer Investments, as director of a new southern European Union chapter for the organisation.
The new chapter, launched on Wednesday, will promote hedge funds domiciled in Switzerland, Italy, Spain and Portugal.
David Friedland, president of the association and president of Magnum US Investments, said it was clear that the fate of southern Europe’s economies was closely tied to global developments. “As such, it makes sense for the HFA to take steps to advocate for hedge funds domiciled within this critical area.”
According to hedge fund database Eurekahedge, 406 hedge funds are based in Italy, Spain and Switzerland with combined assets under management of more than $68.3bn and there is another $2bn to $3bn invested in Portugal by 26 EU focused hedge funds.
Castellano said said he hoped new chapter would be a catalyst for the region’s alternatives investment industry.
Castellano began his career at AB Asesores Bursatiles, a Spanish investment bank, where he held several positions. Later, he was an executive director at Morgan Stanley in various sales and senior management roles in the private banking and private equity areas. In 2001 he joined Pioneer Investments where he is responsible for the management of operations in Iberian peninsula, offshore Americas and Latin American markets.