Sunday, 24 May 2015
Last updated 1 day ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…