5 Jan 2011
Abbey Capital has announced the appointment of Mr David McCarthy as a non-Executive Director. McCarthy is a prominent figure in the alternative investment business with a distinguished track record of investment management since 1977.
Most recently he served as Chief Investment Officer of Absolute Return Strategies with Sciens Capital Management in New York. In 2002 McCarthy co-founded Martello Investment Management L.P, a specialist fund of funds and advisory firm concentrating on absolute return hedge fund strategies including global macro and CTA strategies. From 1994 to 2000, McCarthy was an Investment Manager for Global Asset Management where he managed GAM’s trading funds of funds. He has served in various investment and management roles with Atlantic Philanthropies, Rayner and Stonington, Brown Brothers Harriman & Co., and McKinsey & Co.
McCarthy has taught finance and investments at Skidmore College and the University of Massachusetts (Amherst) in the U.S., and University College Dublin in Ireland, and he currently holds an adjunct faculty position at University College Cork. He is a contributor to the Greenwich Roundtable “Best Practices in Hedge Fund Investing” series, and is the author of a number of academic articles on managed futures. He also serves on the Advisory Boards of New York University’s Glucksman Ireland House.
Most recently he served as Chief Investment Officer of Absolute Return Strategies with Sciens Capital Management in New York. In 2002 McCarthy co-founded Martello Investment Management L.P, a specialist fund of funds and advisory firm concentrating on absolute return hedge fund strategies including global macro and CTA strategies. From 1994 to 2000, McCarthy was an Investment Manager for Global Asset Management where he managed GAM’s trading funds of funds. He has served in various investment and management roles with Atlantic Philanthropies, Rayner and Stonington, Brown Brothers Harriman & Co., and McKinsey & Co.
McCarthy has taught finance and investments at Skidmore College and the University of Massachusetts (Amherst) in the U.S., and University College Dublin in Ireland, and he currently holds an adjunct faculty position at University College Cork. He is a contributor to the Greenwich Roundtable “Best Practices in Hedge Fund Investing” series, and is the author of a number of academic articles on managed futures. He also serves on the Advisory Boards of New York University’s Glucksman Ireland House.
Commenting on the appointment, Tony Gannon, CEO Abbey Capital, said: “We are delighted that David has agreed to join our Board. David’s depth of research and range of financial experience will add to and strengthen our board as Abbey Capital continues to build and develop.”
McCarthy stated: “Abbey Capital’s successful ten-year track record is testimony to the exceptional ability of the team to develop investment strategies that consistently add value while building a robust and scalable global business. I look forward to working with Abbey Capital’s Board and management team to increase the awareness and acceptance of managed futures as a key part of a diversified investment strategy.”
