Jeremy May
About Jeremy May
Jeremy May (born 1970) is President and Principal Executive Officer of Clough Global Equity Fund (GLQ) and the affiliated Clough closed-end funds, appointed effective April 17, 2023; he is Founder and CEO of Paralel Technologies, LLC since June 2020 and previously served as President/Director at ALPS entities (1995–2019) and COO of Magnifi LLC (2020–2021) . Officers employed by Paralel receive no compensation or expense reimbursement from the Funds and Mr. May reported beneficial ownership of 0 GLQ shares; the proxy does not disclose any TSR, revenue, or EBITDA metrics tied to his compensation .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Paralel Technologies, LLC | Founder and CEO | Since June 2020 | Provides administration and fund accounting services to the Funds; Paralel supplies GLQ’s executive officers per the administration agreement . |
| Magnifi LLC | Chief Operating Officer | 2020–2021 | Technology/IT COO role noted in officer biography . |
| ALPS Fund Services, Inc.; ALPS Distributors, Inc.; ALPS Portfolio Solutions Distributor, Inc. | President and Director | 1995–2019 | Retired after 24 years at ALPS; leadership across fund services and distribution cited in biography . |
| ALPS Holdings, Inc.; ALPS Advisors, Inc. | Executive Vice President and Director | 1995–2019 | Senior leadership roles in asset management operations per proxy biography . |
External Roles
| Organization | Role | Years |
|---|---|---|
| Paralel Technologies, LLC (and affiliates Paralel Advisors, Paralel Distributors) | Founder and CEO | Since June 2020 |
| Paralel Technologies, LLC | Agreement signatory to GLQ Administration and Fund Accounting Agreement | Executed April 17, 2023 |
Fixed Compensation
- Officers employed by Paralel or Clough receive no compensation or expense reimbursement from the Funds; base salary, bonus targets, and cash compensation for Mr. May are not disclosed at the Fund level .
- The Funds do not have a compensation committee; trustee cash retainers are disclosed, but officer pay is not, reinforcing that PEO compensation is not paid by GLQ .
Performance Compensation
- No performance-based compensation, vesting schedules, RSU/PSU grants, or option awards for Mr. May are disclosed by GLQ; officers employed by Paralel receive no compensation from the Funds .
- No disclosed performance metrics (e.g., TSR, revenue growth, EBITDA, ESG) tied to Mr. May’s compensation at the Fund level .
Equity Ownership & Alignment
| Holder | Security | Total Shares Owned | Percentage of Shares Held |
|---|---|---|---|
| Jeremy May | GLQ Common Shares | 0 | 0% |
- The 8-K appointing Paralel officers states “No officer employed by Paralel owns any shares of the Fund” .
- No pledging, hedging, stock ownership guidelines, or compliance status are disclosed for officers in the proxy .
Employment Terms
- Appointment and tenure: Board appointed Jeremy May as President (PEO) effective April 17, 2023; officers are elected annually and hold office until a successor is elected by the Board .
- Source of executive officers: Paralel provides the Trust’s President (PEO), Treasurer (PFO), Secretary, and CCO under the Administration and Fund Accounting Agreement .
- Agreement term: Administration agreement effective April 17, 2023, with an initial three-year term and successive annual renewals unless terminated per notice; includes termination for cause provisions .
- Indemnification and insurance: The Trust agrees D&O/E&O coverage for named officers; Administrator indemnifies Trust officers for Administrator’s bad faith, negligence, or willful misfeasance; broader indemnities and limitations of liability apply .
- Compensation source: Officers employed by Paralel receive no compensation or expense reimbursement from the Funds; any compensation would be at Paralel, not disclosed in Fund filings .
- Address/administrative details: Fund and officer address updated to 1700 Broadway, Suite 1850, Denver, CO 80290 .
Investment Implications
- Alignment and insider signals: Mr. May holds 0 GLQ shares and officers employed by Paralel do not own Fund shares; direct “skin-in-the-game” alignment via ownership appears limited and insider trading signals are absent .
- Pay-for-performance and retention: No Fund-paid compensation or performance metrics are disclosed for the PEO; retention relies on the Paralel administration structure with a three-year initial term and annual renewals, plus annual officer elections by the Board .
- Risk controls: D&O insurance requirements and indemnification provisions for officers under the agreement mitigate personal liability risks; no severance or change-of-control economics for Mr. May are disclosed at the Fund level .
- Governance context: The Funds do not have a compensation committee, and trustee pay structures are disclosed while officer compensation is not—consistent with externalized administration of executive functions via Paralel .