(PRWEB) January 19, 2007
AlternativeSoft has named Ute Mangold, CFA, Managing Director for the US market. Mrs. Mangold will be based in New-York and will concentrate on selling the software for fund of funds from AlternativeSoft. With more than 15 years experience in business development and sales in capital markets, she will be responsible for developing the company's business marketing function to bring the benefits of AlternativeSoft's flagship portfolio construction solution to the North American market.
Mrs. Mangold will report to Laurent Favre, CEO of AlternativeSoft. Prior to joining AlternativeSoft, Mrs. Mangold was Senior Relationship Manager for the large German bank Hypoveeinsbank in Munich, London and New-York, where she spent eleven years heading the international fixed income sales team.
"With the increased access and continually growing use of Alternatives by investors, minimizing the downside volatility associated with hedge fund returns will continue to play a predominant role in the markets. Solutions that help to keep an eye on downside risk offer great growth and opportunity," said Mrs. Mangold. "AlternativeSoft is well positioned with a state-of-the-art platform for hedge fund selection and portfolio construction. I am delighted to be part of the AlternativeSoft team and eager to help the company achieve its full potential."
"Expanding our business with fund of funds in North America is a key component of AlternativeSoft's growth strategy. This market is more mature than the European markets for the type of solutions we deliver," Mr. Favre said in a statement, "Ute brings a unique blend of finance with her CFA, marketing skills and eleven years of experience in a large bank. It was a difficult mission, but with Ute Mangold we found the right person."
AlternativeSoft, a Swiss registered company, has offices in Zurich, London and New-York. AlternativeSoft offers a powerful software platform, called HFOptimizer. The software platform is being used by fund of funds and pension funds to help construct portfolios which minimize extreme negative returns, select the best hedge funds and provide guidance with tactical asset allocation. For more information, go to http://www.alternativesoft.com.
Laurent Favre, CEO, United Kingdom
+44 207 510 2003,
Ute Mangold, Managing Director, USA
+1 609 220 9635