Hedge Fund Hires April 2013

Notable Hedge Fund Hires in April 2013

 

Mariner Investment Group LLC, the $10 billion hedge-fund firm founded by William Michaelcheck, hired Eric Pellicciaro from BlackRock Inc.

(BLK) to manage a global macro portfolio of a new multistrategy hedge fund.

Mariner plans to hire several managers to run various strategies for the Mariner Incubation Fund and will invest an initial $50 million to $100 million in each portfolio, according to a statement today from the New York-based firm.

The firm seeks to attract investment personnel who have left banks because of the so-called Volcker Rule, according to Bracebridge Young, Mariner’s chief executive officer. The provision, part of the 2010 Dodd-Frank Act named for former Federal Reserve Chairman Paul A. Volcker, set limits on risk- taking and caused some U.S. banks to shut down or spin off proprietary-trading units.

“There is currently a great deal of senior talent available in the market as a result of recent changes to the industry, specifically the effects of implementation of the Volcker Rule,” Young said in an e-mail

 

BofA’s Terry to Move to Bridgewater

 Hedge-fund firm Bridgewater Associates has hired Bank of America executive Michael Terry to be a client adviser.

 

P.E. Specialist Altius Makes Senior Hires

London-based private equity and real asset manager Altius Associates has made two senior hires for its global investment team.

 

Bank of America Merrill Lynch Hires Deepak Abraham

The prime brokerage unit of Bank of America Merrill Lynch (BAC.N) has hired formerMorgan Stanley (MS.N) executive Deepak Abraham as head of capital strategy in Asia Pacific, according to an internal memo seen by Reuters.

 

Serengeti’s LaNasa Said to Hire Ex-Goldman Colleagues

Serengeti Asset Management LP, the New York-based hedge-fund firm started by Jody LaNasa, hired two of LaNasa’s former colleagues at Goldman Sachs Group Inc. (GS), Leslie Biddle and Daniel Eichner, according to a person familiar with the appointments.

 

 

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