Alt Investments
Lehman Head of Private Clients Leaves for Managed Account Specialist
Edward Feigeles, the former head of Lehman Private Client Group, has joined US-based managed accounts specialist, WR Capital, as a principal...
Edward Feigeles, the former head of Lehman Private Client Group, has joined US-based managed accounts specialist, WR Capital, as a principal.
Mr Feigeles will join both executive management and investment committees at WR, and will lead the marketing of the firm’s recently launched WR Managed Account Fund, which now manages $72 million and has been placed with 31 underlying managers.
The managers have an average of three years’ hedge fund experience each, with typical portfolios between $20-50 million. Strategies are mainly long-short equity hedge with some volatility arbitrage, CTAs and distressed.
