Agecroft Hires Director, Preps For First Hedge Fund Clients

Jun 11 2007 | 9:43am ET

Hedge fund third-party marketing firm Agecroft Partners has hired James Hart as a director. Hart’s new responsibilities will include overseeing due diligence on potential hedge fund clients and introducing the firm's clients to large institutional investors located within the United States.

Hart spent the last six years as a senior research analyst and member of the investment committee at an unnamed fund of hedge funds firm, where he made asset allocation decisions and performed due diligence on managers across most hedge fund strategies.

Founder Donald Steinbrugge, the former head of institutional sales for Merrill Lynch Investment Managers, said the firm is looking to add another senior sales person within the next three months. Steinbrugge said since he opened for business in March he has been contacted by over 100 hedge funds and has narrowed the list down to 10 with hopes of signing one or two on board within the next six weeks.

“Of those 10 six are over $1 billion in asset under management and the majority of them are based in the United States,” he said. “We want to provide a menu of diversified strategies to the institutional marketplace so we definitely don’t want to have two of the same strategies.”

Related Story:


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of