Tuesday, 30 August 2016
Last updated 19 min ago
Sep 8 2008 | 12:59pm ET
New York-based Asset Alliance Corp. is looking to take its hedge fund placement business to the U.S. and Europe with the launch of Hedgeharbor in New York and London.
As part of this effort, Bob Stearns has joined as a senior managing director in New York. James Parker, senior managing director of Asset Alliance International (UK), will serve as head of international business development of Hedgeharbor, London. Both will report to Arnold Mintz, global head of Hedgeharbor and president of Asset Alliance.
Hedgeharbor represents a select group of managers in different asset classes and strategies, including Group G Capital Partners, which specializes in high yield and distressed debt investments. Hedgeharbor will also focus on identifying and representing specialist and niche managers, specifically in the Middle East and North Africa region.
“Our value-add differentiating factor is our 12 years of experience in identifying, seeding and allocating to leading hedge fund managers globally,” said Mintz. “Our new role of matching best of breed, select managers with appropriate investors is a logical evolution.”
Hedgeharbor also plans to expand into real estate and private equity, as well as acquire investment placement firms.