FOR IMMEDIATE RELEASE:
Tradex Global Advisors adds Veteran Investor Leonard
Chaikind to its Investment Advisory Council
Greenwich, CT – December 17, 2012 – Leonard Chaikind was
one of the first ever large institutional investors to invest both in Private
Equity and Hedge Funds in the 1980’s.
During this period, he was the Administrator of all Shell Oil’s Savings
and Retirement Programs. “It is with
great honor that Len has accepted this role with Tradex. We are very lucky to have someone with decades
of investment experience under his belt,” said Michael Beattie, Chief
Investment Officer of Tradex. In
addition to advising Tradex in many areas, Len will also be involved with
helping implement and launch a new product line. This will include small, sector-focused,
multi-manager funds targeting very specific investment opportunities, a single-strategy,
short-biased high-yield credit fund and Tradex’s traditional, multi-manager,
Liquid 50 Portfolio that focuses on very liquid trading opportunities within
equity, volatility and mortgage strategies.
Leonard Chaikind founded Institutional
Investors Consulting Company (IICC) in 1991 after retiring from the head position of
Shell’s multi-billion dollar Pension and Benefits Programs. Prior to this assignment, he was Treasurer of Far East and
Australasia for Royal Dutch Shell where he coordinated over US $35 billion in
major project financings. Len enjoyed a
wide variety of positions with Royal Dutch Shell and the Shell Oil Companies
from 1957 to 1991. After serving as the
Finance Manager for both Shell Chemical and Shell Oil Products, he was
appointed Regional Treasurer for Royal Dutch Shell in the Far East and
Australasia, working out of Shell’s head office in London. When Len headed up the Shell Savings and
Retirement Programs, approximately 50% of the Pension Plans were managed
internally by Len’s staff, with the rest being outsourced to various investment
managers and consulting groups. During
this period, the Shell Funds were widely recognized by the industry to be one
of the best. In 1985, Len was one of the key founders of
the Committee on Investments of Employee Benefit Assets (CIEBA) which currently
represents approximately 115 of the country’s largest Pension Plans with assets
well over $1.4 trillion and over 16 million participants. Len was also one of the founders of the New
York Stock Exchange Institutional Advisory Committee in 1987. Both of these groups continue to be very
active to this day.
Len
likes to think of IICC as a “do good” investment bank, whose dual mission is 1)
To help Institutional Investors, i.e. Pension Plans, Foundations and Endowment
Funds operate more effectively, i.e. make better investment decisions, and 2) “To
make the world a better place to live.” In addition to being actively involved in the
Private Equity arena, which includes hedge funds, IICC is also working on a
number of major projects in places like Haiti, West Africa, China and Mexico,
in addition, of course, to the USA.
Len
holds a MBA from Harvard Business School and a BA from Harvard University in
Economics. Len graduated from the Loomis
Institute in Windsor, CT and served in the US Navy (LTSG) during the Korean
War.
About Tradex Global Advisors
Lead
by Chief Investment Officer Michael Beattie and Director of Research Richard
Travia, the principals at Tradex have spent 10 years together analyzing,
evaluating and investing in small, niche hedge fund managers. Tradex
Global’s advisory services include proprietary due-diligence covering manager
competence and ethics, performance monitoring, liquidity assessments,
investment policy evaluations, manager selection, fund-of-funds, customized
managed account portfolios and single hedge fund services. Opened in 2004 by Michael Beattie, Tradex
Global Advisors is part of The Tradex Group. Headquartered in Greenwich, CT,
The Tradex Group manages assets for institutional investors which include some
of the largest pension plans in Europe.
No comments:
Post a Comment