MCF Beefs Up Front Office

Feb 29 2008 | 12:30pm ET

San Francisco-based MCF Asset Management is beefing up its front line, appointing Steven Ledger president and John Hiestand chief operating officer. The firm has also hired James Diamonon as director of sales.

As president, Ledger will oversee the expansion of product distribution to family offices, funds of funds and institutional and high-net-worth investors. He continues to oversee the MCF Focus Fund, a position he has held since joining the firm in 2006.

Hiestand, who joined MCF Corp. in 2002, focuses on the firm’s client service, legal, accounting, operating, marketing and human resource and infrastructure. Diamonon will oversee all of MCFAM’s sales, marketing and business development activities and is tasked with further raising the funds’ assets under management. He previously served as vice president of development for an emerging hedge fund.

MCFAM currently has approximately $60 million in assets under management across three hedge funds: MCF Voyager Fund, a long/short equity fund that invests primarily in the technology, communications and life sciences industries; MCF Focus Fund, an event-driven special situations fund; and MCF Navigator Fund, a small- and micro-cap, long-biased North American fund with a substantial percentage of private placements.

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