Eddington Capital Management, a fund of hedge funds specialist, has named Andrew Popper as its new chairman.

Eddington Capital Management, a fund of hedge funds specialist, has named Andrew Popper as its new chairman.

Popper (pictured) will succeed Tim Ingram, who has served as chairman of the board since 2003, when he steps down later this year.

Popper, who will also continue his role of group chief investment officer for SG Hambros Bank, brings with him considerable experience of creating and implementing a comprehensive range of investment products.

Dr Glenn Baggley, chief executive of Eddington Capital, says: 'Andrew's extensive industry experience will further augment the dynamic leadership and innovative thinking at Eddington, which has allowed us to perform so well at a particularly challenging time for the industry.'

Early in his career, Popper served as an economist with the Federal Reserve Bank of New York. Subsequently he held the positions of FX manager and treasurer with several major US and international banks before joining SG Hambros in 2001.

Popper says: 'I am delighted to have joined Eddington Capital Management. They have an original approach to fund selection and risk management that has enabled them to obtain superior investment results and weather the recent crisis in financial markets much better then their peer group, Given the quality of the people at Eddington, and the support from Caledonia Investments, I am convinced that we will successfully grow this business into one of the major players in the industry.'