Wednesday, 4 May 2016
Last updated 45 min ago
Jan 8 2013 | 5:35am ET
Fund of hedge funds firm Pacific Alternative Asset Management Company has named Jim Meehan, Scott Warner and David Weinberger as partners.
According to the firm, which manages US$ 8.5 billion on behalf of institutional investors, these promotions highlight the firm’s focus on developing its employee-ownership and ongoing succession plan.
Commenting on the appointments, PAAMCO CEO Jane Buchan said, “Jim, Scott and David have made a huge contribution to the firm’s continuing development and we are delighted to welcome them to our growing partnership. These promotions demonstrate our commitment to being one of the very few firms in our sector that is broadly owned and controlled by its senior professionals.”
Meehan joined PAAMCO in 2008 from PIMCO. As a managing director in PAAMCO’s account management department he leads PAAMCO’s development of institutional client relationships.
Warner joined PAAMCO in 2006 after completing an MBA at the University of California, Los Angeles. Prior to his graduate studies, Warner worked in the investment management division at Goldman Sachs. He is sector specialist for long/short equity and equity market neutral investments.
Weinberger joined PAAMCO in January 2012 after previously leaving his position as senior advisor for UBS Investment Bank. He is responsible for managing the firm’s portfolio management department and is a member of the portfolio construction group. He is assuming leadership of portfolio management from Bill Knight, one of the four original founding partners of PAAMCO, who plans to retire in 2013.
These appointments bring the total number of employee partners at PAAMCO to 16.
PAAMCO is a leading independent fund of hedge funds investment firm, dedicated to offering strategic alternative investment solutions to the world’s preeminent investors. Since its founding in 2000, PAAMCO has focused on investing in hedge funds on behalf of its clients while striving to raise the standard for industry-wide best practices. Headquartered in Irvine, California, with a European office in London, and an Asian office in Singapore, PAAMCO has clients that include large public and private pension funds, sovereign wealth funds, foundations, endowments and financial institutions.