NEW YORK, Aug. 1, 2013 (GLOBE NEWSWIRE) -- INTL FCStone Inc (Nasdaq:INTL) today announced the appointment of George Lucaci as head of their wholly owned subsidiary, INTL FCStone Securities Inc.'s new hedge fund capital-raising group. Joined by Eric Blessing, Edward Kuhnel, and George Gowdy, this new group will work in consultation with hedge fund managers to review their strategy, focus their brand, and optimize their structure to meet the demands of sophisticated institutional investors. Their experience has allowed them to assess each fund's position in the prevailing marketplace and provide insight as to the allocation process from an institutional investor's perspective.
The capital-raising group, to be known as the Capital Alternatives Group (CAG), provides valuable insight for hedge fund managers into the dynamic allocation strategies of global institutional investors. The team's mission has been to assist pedigree hedge fund managers, who have attained operational integrity, in their efforts to receive allocations across the alternative spectrum worldwide.
Lucaci brings 25 years of hedge fund industry experience to his new role having previously served as head of the Capital Alternatives Group at Direct Access Partners as well as Channel Capital Group since 2003 where he was a founding member. He had previous senior management positions at Citibank, Merrill Lynch, and Nomura Securities.Over the last 10 years his team has successfully raised several billion dollars in numerous strategies including fixed income, structured products, emerging markets, commodities, as well as a variety of US based equity strategies. Steve Carlson, head of INTL FCStone Securities Inc.'s Investment Banking division said, "We welcome George's team and their experience and leadership to INTL FCStone. His results-oriented approach and ability to think strategically with investors and funds will play a pivotal role in extending our track record of innovation, while helping us to continue to grow profitability."