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Mariner Investment Welcomes New Hire

Apr 18, 2013
Jing Chen

New York-based Mariner Investment Group announced that it has hired a former senior executive at Goldman Sachs to run the firm’s newly-launched global emerging market equity portfolio.

Mariner said in a statement released Thursday that the fund, which employs a global emerging market strategy, will capitalize on Richard Rumble’s 15 years of experience in emerging market equities. Rumble was previously the head of global emerging market equity proprietary trading at Goldman Sachs.

The new portfolio runs on Mariner’s new multi-strategy platform. eVestment reported last week that the platform will be managed by a slew of hedge fund professionals across the industry who will have the opportunity to provide the firm with strategy-level investment expertise while having the support of Mariner's 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.


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