Former Freddie Mac Boss Joins 400 Capital Advisory Board

Apr 11 2011 | 10:26am ET

Fixed income specialist 400 Capital Management, with $400 million AUM, has tapped former Freddie Mac president and CEO Greg Parseghian for the firm’s advisory board.

Parseghian, founder of Parseghian Investment Advisors, has served in executive positions at Credit Suisse First Boston and BlackRock Financial Management in addition to his tenure at Freddie Mac. Along with his current advisory activities, Parseghian also serves as a director of PHH, a public company, and Everquest Financial, a private firm.

In his new role, Parseghian will advise 400 Capital senior management on portfolio development, risk management and operational and client development.

Parseghian will join Pat Augustine, who became a member of the 400 Capital advisory board in August 2010.

“We are excited to have Greg’s experience and insight guiding our growth and differentiating us as an asset manager in such a unique and dynamic time in the markets,” said Chris Hentemann, 400 Capital’s managing partner. “Adding Greg’s unparalleled experience in risk management, portfolio strategy and investment analysis in addition to Pat’s extensive investment and trading experience will prove to be a very valuable asset as we continue to develop a world class asset management partnership.”

 


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