Hedge Funds Hiring Public Relations Execs.

Feb 26 2014 | 12:51pm ET

There has been little in the way of hedge fund advertising since an 80-year-old ban on the practice ended last year. But the rule change is having an effect on how hedge funds present themselves.

Under the Great Depression-era ban on general solicitation for private securities offerings, many hedge funds were reluctant to speak to the press, fearing that any comment could be perceived as a solicitation. Now, however, many prominent firms are adding public-relations specialists to run their communications strategies.

Among the hedge funds hiring such executives are Davidson Kempner Capital Management, Two Sigma Investment Management, Pine River Capital Management and Black River Asset Management, CNBC reports. Davidson Kempner brought on Lorie Coulombe last month and Two Sigma added Kelly Howard this month. Pine River and Black River both hired directors of communications last June: Steven Vames and Michael Tressel, respectively.

Even scandal-tarred SAC Capital Advisors boosted its communications team, hiring Mogolodi Bond in June.

According to CNBC, Baupost Group, AQR Capital Management and Highland Capital Management have also hired communications staffers since 2012, when the JOBS Act mandated that the Securities and Exchange Commission end the advertising ban.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

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

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of