In one of its first moves since integrating its separate fund of funds businesses into a $1 billion platform in February, American Express has opened a New York office.
The new outpost is staffed by senior hedge fund analysts Jeff Haindl and Xinyu Liu. Haindl, who covers equity managers, was most recently part of Julius Baer's New York fund of funds team. Liu, who is handling fixed-income funds, was previously a fixed-income trader with JP Morgan Chase.
Minneapolis-based American Express has combined the former fund of fund groups run by American Express Bank and American Express Financial Corporation