| New FD for The Value Catalyst Fund |
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| Tuesday, 11 December 2007 | |
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Michael Haxby has been appointed finance director of hedge fund The Value Catalyst Fund.
Haxby, 35, joined Laxey Partners Limited in February 2001 and became an executive director of Laxey in December 2001. He manages the global risk for Laxey's eleven funds including currency hedging. He is also responsible for the coordination, integration and protection of Laxey's IT systems and the development and maintenance of fund management investment tools. Prior to joining Laxey, he worked, with the principals of Laxey, in various back office, analysis and trading roles at Regent Kingpin Capital Management and Buchanan Partners. Haxby holds an Honours Degree in Accounting and Financial Management Bsc (Econ), and passed the Investment Management Certificate (IMC) in 1996. The Value Catalyst Fund Limited (LSE:VCF) is a hedge fund operated by Laxey Partners Limited. Laxey manages a number of funds and segregated accounts. The Value Catalyst Fund was launched in July 2000 as a closed end fund based in the Cayman Islands and listed on AIM in London. It is Laxey Partners' only public fund. Related links |
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As the economy hits the most significant downward cycle in 50 years, finance directors must take stock of their companies' remuneration and compensation packages.