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HFA Opens In Southern Europe

Date: Wednesday, November 30, 2011
Author: Brian Bollen's Blog

The Hedge Fund Association (the HFA) reports from Florida that it is launching a new branch to chamption hedge funds domiciled in Switzerland, Italy, Spain and Portugal. José Castellano, managing director of Pioneer Investments, is the branch director.

“It is increasingly clear that the fate of the economy in southern Europe is powerfully linked with the world’s economy,” says David Friedland, HFA president and president of Magnum US Investments. 

“As such, it only makes sense for the HFA to take steps to advocate for hedge funds domiciled within this critical area. We are also extremely pleased to have José 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 assets under management of over $68.3bn.  Additionally, Eurekahedge has determined that 26 EU-focussed hedge funds with AUM of between $2bn and $3bn invest in Portugal.

Castellano began his professional career at AB Asesores Bursatiles, a leading Investment bank in Spain,  where he held several different positions.  Later, he became an executive director at Morgan Stanley where he performed various sales and senior management roles in private banking and private equity. 

In 2001 he joined Pioneer Investments where he is currently responsible for the management of operations in the Iberian Penisula, offshore Americas and the Latin American markets.  He also participates in several global committees, including the global distribution management committee. 

Mr. Castellano holds a General Business Administration and Finance degree from Saint Louis University in Missouri and an MBA in Finance from Universidad Antonio de Nebrija, Madrid.  He also holds a Master’s Degree in communications technology and e-commerce from Instituto de Empresa, Madrid