LONDON (HedgeWorld.com)–Attica-LJH Investment Management Ltd. has revamped its organizational structure and added a chief executive as it tries to meet growing demand for hedge funds in Europe.
Attica Asset Management Ltd., London, and LJH Global Investments LLC, Naples, Fla., formed the joint venture in 2003 to offer funds of funds in Europe. Now, both firms have merged their research and risk control arms under the Attica-LJH Investment Management umbrella, according to a news release.
The research team, which has maintained a dual presence in Great Britain and in the United States, will continue to do so and will add subsidiaries in The Netherlands and Switzerland. The U.S.-based staff will continue to provide risk information directly to LJH Global Investments.
Attica-LJH Investment Management hired Andrew McCaffrey as chief executive. He will take over some of the duties previously performed by Chairman Robert H.C. van Maasdijk, thus allowing Mr. van Maasdijk to focus on marketing and corporate development, according to a statement from the firm.
Mr. McCaffrey previously was at Commerzbank AG, London, where he worked with the firm’s global rates business on hedge fund activities.
“Europe’s regulatory environment has changed dramatically over the last few years,” Mr. van Maasdijk said in a statement. “Germany and Austria, for example, now allow institutions, as well as private clients, to invest in hedge fund of funds for the first time without restrictions. We believe Attica-LJH will benefit from this development now that we maintain a fully integrated research and risk control unit.”
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