Tremont Capital Management in Rye, an investment manager of a fund of hedge fund portfolios, said that Robert Schulman, chairman of the parent company Tremont Group Holdings Inc., is retiring effective July 7.
Schulmanâ€™s retirement follows a 2006 succession plan under which Rupert Allan, formerly managing director of Tremontâ€™s London office, was named president and, later chief executive officer of Tremont Group Holdings. With Schulmanâ€™s retirement, Jim Mitchell will return to Tremontâ€™s headquarters after four years in the London office. Mitchell will report to Allan.
Schulman joined Tremont in 1994 as president and chief executive. In 2001, Schulman helped arrange Tremontâ€™s acquisition by OppenheimerFunds. Most recently, Schulman directed Tremontâ€™s single manager products group, Rye Investment Management.