WisdomTree Expands ETF Division With Alts. Veteran

Jul 28 2006 | 4:09pm ET

Hoping to attract hedge fund and family office money, new exchange-traded fund firm WisdomTree Investments has named an alternative investments veteran as director of institutional ETF sales. Andrew Malloy joins the New York-based firm from family office money manager TAG Associates, where he led the development of its fund of hedge funds.

"Andy's experience in alternative investments and wealth management afford him exceptional relationships with a keen understanding of the needs of the hedge fund and family office marketplace," said Jonathan Steinberg, son of legendary investor Saul Steinberg and CEO of WisdomTree.

WisdomTree debuted its suite of 20 dividend ETFs on the New York Stock Exchange last month, tracking its own "fundamentally-weighted" set of indices.

A number of big names, in addition to Steinberg, are associated with the firm, including Jeremy Siegel, the Wharton School finance professor, former hedge fund manager Michael Steinhardt, and James Robinson IV, son of the former American Express CEO.

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