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

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR