New York-based Mariner Investment Group has launched a new multi-strategy fund.
The new fund will be managed by a slew of hedge fund professionals across the industry who will “provide Mariner with strategy-level investment expertise while enjoying the support of Mariner's robust infrastructure and the potential to create future stand-alone hedge funds.”
Managers will oversee portfolios with initial investments ranging from $50 million to $100 million on behalf of the fund. Mariner has already hired Eric Pellicciaro, the former head of global rates investments at BlackRock, to oversee the fund’s global macro portfolio.
Founded by former Bear Stearns fixed-income executive William Michaelcheck, Mariner is a multi-strategy hedge fund focused on fixed income and credit arbitrage with about $10 billion in AUM.