MaxCap Partners, the UK-based multi-family office, has appointed Michel Piette and Ittan Ali as investment managers.

Piette and Ali will co-manage the investment team at MaxCap, an organisation which was set up about four years ago by the family that owned the breakfast cereal brand Weetabix. Piette will primarily focus on hedge funds and commodities while Ali will take greater responsibility for equities.

Piette is a specialist in commodities and hedge funds. He co-founded Moonraker Fund Management in 2008, and prior to this he was a hedge fund analyst for the TRF Fitzwilliam Funds at BDO Stoy Hayward Investment Management for four years. He also spent two years at Towers Perrin, as an associate in charge of alternative investments within asset consulting.

Previously, Ali was at Majedie Investments for six years as a senior investment manager and analyst for the Global Equity Fund. He also spent time at TRW Investment Management as a senior fund manager, and most recently at Utilico as a senior equity analyst.