Investcorp has appointed Jonathan Joyce as head of operational risk for the firm’s New York-based hedge funds group.

Joyce has nearly 10 years of hedge fund operations experience and joins Investcorp from FRM Investments, a subsidiary of Man Group, where he most recently served as the deputy head of business risk.
 
In his new role with Investcorp, Joyce will be responsible for monitoring the hedge funds group's operational risk and performing operational due diligence on all current and prospective hedge fund investments. Joyce reports to Sunil G Nair, head of risk for the hedge funds group.
 
"Jonathan joins our hedge funds risk team with a tremendous track record for managing operational risk," says Lionel Erdely, head and chief investment officer of the hedge funds group. "We continue to emphasise and deepen our strong risk management culture as fiduciaries as we implement ambitious growth plans in managing multi-manager hedge fund portfolios and seeding of talented emerging managers."
 
As of 31 December 2013, Investcorp's hedge funds group had approximately USD4.8bn of assets under management, including over USD2bn allocated to the Single Manager Platform, the firm's hedge fund seeding business that was established in 2004.