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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.