Mariner Launches Multi-Manager Fund With BlackRock Hire

Apr 8 2013 | 10:46am ET

Mariner Investment Group has launched a new multi-strategy hedge fund seeding vehicle, with a BlackRock veteran at the helm of its first portfolio.

Eric Pellicciaro has joined the New York-based firm. He's currently managing a global macro strategy for the Mariner Incubation Fund, although Mariner plans to launch a stand-alone Alarium Global Macro Fund for Pellicciaro in the future.

Mariner plans to follow that path with other seedlings in the Incubation Fund, providing managers with between $50 million and $100 million to run strategies for Incubation before launching stand-alone funds for them.

"The Mariner Incubation Fund builds on Mariner's long history of attracting top industry talent, like Eric, and provides them with access to our global base of large institutional and sovereign wealth clients and retail distributors, in addition to the safeguards and infrastructure they need to succeed," Mariner CEO Bracebridge Young said. "Eventually, we anticipate developing new funds for a number of the portfolio managers who will be part of the Mariner Incubation Fund."

Pellicciaro was head of BlackRock's global rates investment group and formerly handled mortgage investments at the world's largest money manager.

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...