Third Party Marketer Plans Expansion

Aug 27 2009 | 9:58am ET

Third party marketing firm Hudson, Riley Asset Counsel is expanding its operations and planning six new hires by year end.

The two owners of the firm, Leonard Chaikind, a former administrator for Shell Oil Company’s pension plan, and Joseph Nodarse, a former pension consultant and fund raiser, have rejoined forces to raise capital for alternative funds. The pair will be expanding Hudson, Riley’s footprint from Houston, Texas and Miami, Fla., where the firm currently has offices, to the Cayman Islands and Bermuda.

“The alternatives sector, which of course includes private equity, hedge funds and funds of funds, will be greatly sought after by institutional investors, especially the firms which not only survived but have succeeded through this rough economic patch,” Nodarse told FINalternatives.

“Investors are seeking consistent returns and are realigning their interest with those of the investment managers and vice versa,” he added. “There is a new ‘normal’ way of doing business which will be beneficial to the institutional community in whole.”


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

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

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of