Thursday, 11 February 2016
Last updated 13 min ago
Nov 15 2012 | 2:37am ET
Massachusetts' state pension chiefs have named a new head of its hedge fund portfolio.
Eric Nierenberg was named a senior investment officer responsible for hedge fund strategies by the Massachusetts Pension Reserves Investment Management Board. Nierenberg, who is expected to start his new job in December, currently teaches finance at Brandeis University, and is a former portfolio manager at Lee Munder Capital Group.
"Eric's superb qualifications in investment analysis will help us apply rigorous scrutiny to existing and potential investment strategies," MassPRIM executive director Michael Trotsky, himself a former hedge fund manager, said.
MassPRIM recently elected to cut back on its fund of hedge funds portfolio in favor of direct hedge fund investing, to save on fees.