John Ricciardi, formerly at multi family office Iveagh, has joined investment management company Kestrel Partners.
In his new position as head of the company’s investment management division, Ricciardi is to launch a new global multi-asset fund over the next few months, according to a company statement. London-based Kestrel specialises in offering services to small listed companies.
Ricciardi was previously head of global asset allocation for Iveagh and the lead manager of the Iveagh Wealth Fund. The fund, launched in September 2008, has assets under management of more than £200 million (€230 million).
A spokeswoman for the London-based family office said that Ricciardi has not been replaced, but instead the firm’s chief investment officer, Chris Wyllie has taken over as lead manager.