Hedge Funds

Sherrer named CFO of futures broker Refco

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Looking to expand its slice of the hedge fund and managed futures clearing-and-execution business, the New York-based Refco Group recently named Gerry Sherrer as chief financial officer.

Sherrer was previously with Deutsche Bank, where he had joined as a controller in 1997 and more recently had graduated to the post of chief financial officer. Before that, Sherrer had been at CIBC and Goldman Sachs.

The addition of Sherrer comes at a time when futures brokers are seeing increased volume from managed futures and hedge fund traders looking to exploit a bull's run in commodities and raw materials prices, which have