Shore Capital has appointed Stuart MacDonald, former director of hedge funds at Henderson, as its director of alternative investments with a...

Shore Capital has appointed Stuart MacDonald, former director of hedge funds at Henderson, as its director of alternative investments with a brief to expand its $1 billion alternative assets fund management business. Prior to Henderson, where he was instrumental in developing the company’s $2 billion single manager hedge fund business, Mr MacDonald worked at West Merchant Bank and Buchanan Partners. Shore Capital launched the multi-manager Puma Absolute Return Fund in May 2003. It is up 31.5 per cent since launch and 13.8 per cent in the 12 months to January 31 2006.