New York-based Mariner Investment Group announced Wednesday that it has hired a former Citigroup executive to run a global equity volatility portfolio on its new multi-strategy platform.
Mariner said in a statement that Peter van Dooijeweert, who has more than 18 years of experience in trading volatility products, will head the new fund with his team.
Mariner CEO Bracebridge Young “expect[s] that volatility trading will continue to offer strong risk adjusted returns given the reduction of bank proprietary activity in these instruments.”
Mariner recently hired former Goldman Sachs executive Richard Rumble to manage a global emerging market equity portfolio and ex-BlackRock head of global rates investments Eric Pellicciaro to run a global macro portfolio offering under the new platform.
The new platform is 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.
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.