Tuesday, 24 May 2016
Last updated 22 min ago
Mar 12 2013 | 7:06am ET
Agecroft Partners, a global hedge fund consulting and third party marketing firm, has hired public fund marketing veteran Bill Barnes as a managing director.
At Agecroft, Barnes responsibilities will include assisting with due diligence on potential managers the firm may represent, and managing the firm's U.S. public pension fund strategy.
Barnes brings over 20 years of institutional experience marketing to pension funds in the United States. His experience includes senior marketing roles at Schroders, AXA Rosenberg and Neuberger Berman. He has worked closely with some of the largest retirement systems in the country.
Public pension funds have been steadily increasing their exposure to hedge funds. According to Agecroft, this trend is expected to continue as long as interest rates remain near historic lows.
“Bill is a wonderful addition to our firm. Our business model is to introduce top quality hedge funds in a consultative manner to large institutional investors. It is imperative that the members of our firm are highly technically competent. In addition, Bill has a reputation of having high integrity and strong ethical standards which are vital characteristics to build the long-term reputation of our firm,” said Don Steinbrugge, managing partner at Agecroft.
Agecroft Partners was founded in 2007. The firm utilizes an institutional due diligence process when evaluating hedge funds and represents less than 1% of the hedge funds that the firm analyzes.