IAM opens offices in Spain

Marivi Lorente has been appointed general manager, responsible for developing IAM's client base in Southern Europe and its relationships across the region. She previously worked at Santander Investments, N+1 Group as a partner of hedge funds asset management and at Alpha Value Management as a partner.

IAM CEO Morten Spenner said the move was in response to a growing demand for tailor-made hedge fund portfolios in the region. Founded in 1989, IAM also has offices in London, New York, and Stockholm. Assets under management are approximately $2.8bn as of January 1, 2010.