Hopkinson-Woolley joins from Tyrus Capital having also held roles at Deephaven Capital Management, Deutsche Bank and Cazenove.
NewSmith said it believes ‘growth in alternative investments over the next decade will be powerful,’ and noted that alternative assets under management more than doubled between 2005 and 2011 to $6.5 trillion, outstripping growth in traditional asset classes.
“Investor interest in alternatives is now a mainstream theme around the world – from pension plans to individual investors,” said chairman Paul Roy. “PwC estimates that alternative assets will grow by 9% a year between now and 2020, reaching $13 trillion. NewSmith, together with our partner SuMi Trust will be offering core alternative investment offerings.”
“Bringing Charles and his experience and drive in the alternatives area will add further momentum to the business,” chief executive Ron Carlson added. “His hiring follows the appointment of Nick Watts as partner and vice chairman, Max Harper from F&C Asset Management as sales manager and Matthew Wright from Carmignac as partner and head of UK and European distribution.”