New York-based Mariner Investment Group announced that it has hired a former senior portfolio manager and partner at BlueMountain Capital to run a global derivatives relative-value portfolio on its new multi-strategy platform.
Mariner said in a statement released Tuesday that the new fund, run by Jonathan Loflin and his team through the Mariner Incubation Platform, will employ a derivatives relative-value strategy that “seeks to produce market-neutral, all-weather returns, stressing discipline and diversification in portfolio construction.”
At BlueMountain, Loflin focused on launching and managing the firm’s equity alternatives funds. He was most recently a portfolio manager at Wells Fargo/Overland.
Under the platform, which was launched earlier this year, Mariner also hired former Goldman Sachs executive Richard Rumble to manage a global emerging market equity portfolio, ex-BlackRock head of global rates investments Eric Pellicciaro to run a global macro portfolio offering and former Citigroup executive Peter van Dooijeweert to oversee a global equity volatility portfolio.
The platform is managed by a slew of hedge fund professionals across the industry who will have the opportunity to provide Mariner with strategy-level investment expertise while having the support of the firm'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.