Fido’s Reed To New York Hedge Fund

Oct 1 2010 | 3:36am ET

A top Fidelity Investments money manager is set to try her hand at running hedge funds.

Brenda Reed is joining New York-based George Weiss Associates. When she takes up her new post in January, she’ll launch a global long/short hedge fund, with a possible long-only fund launch in the future, Pensions & Investments reports.

“I’m really interested that their product is basically a market-neutral product,” Reed said of her new employer. “That’s exciting, because after the experience of the last couple years, that’s really what clients are looking for.”

At Fidelity, Reed manages US$1.3 billion in funds, including the firm’s Global Focus Fund, which she launched seven years ago. She’ll move from London to New York to begin her job at George Weiss.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...