Fund-Of-Hedge Funds To Add Another Principal, Seeks Candidates

Sep 14 2006 | 11:17pm ET

Fund-of-hedge funds firm Sag-gezza Investment Management is looking to add a third principal to its ranks to focus on business development and operations. Roger Beutler, principal of the San Diego, Calif.-based firm, said that he and his partner Patrick Morrell recently decided to search for another principal after finding that their capital raising efforts were going more slowly than originally anticipated.

“We have struggled raising money, as expected, so we sat down and decided we wanted to add a third principal, someone with gray hair,” said Beutler, adding that the ideal person would have 15-10 years of experience in the industry. “We are really looking for some-
one from a bigger firm that is close to retirement and is looking for a new challenge.”


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