People Moves

LGT Capital hires Man’s Castán


LGT Capital Partners has hired Jaime Castán from Man Investments as co-head of the firm’s hedge fund investment management team. The Swiss-based manager, which runs in Castle Alternative Invest, has seen its main investor, Swiss Life pulling its investments in Castle Alternative Invest, which in August had $549 million in asset under management.

Swiss Life, the largest investor since 1996, had approached the independent directors to inform them that it wishes to seek an orderly exit from the company by disposing over time of its 49% issued share capital.

That said, the firm had $4.5 billion in funds