Opalesque Industry Update - According to a letter to investors on September 28th, Pan Reliance Capital Advisors, a New York-based fund of funds manager, has been appointed the investment manager of the Turnstone
European Fund, a dedicated European long/short equity fund of hedge funds, as of October 1, 2011.|
Amanda McCracken, the fund’s London‐based portfolio manager, will be joining Pan Reliance’s investment team and will continue to be the lead portfolio manager of the fund, which she has managed since its inception in 2003.
The Fund has a successful 8 year track record and will be renamed the Reliance European Fund.
Amanda McCracken brings over 15 years experience in analyzing and managing multi‐manager funds, and has an impressive track record in European long/short equity hedge fund of funds. She will reinforce Pan Reliance's coverage and presence in Europe, home to over half of our clients. Amanda has been recognized in the industry for spotting and investing in talented hedge fund managers at an early stage. Her Turnstone European Fund was nominated by InvestHedge in March 2005 in the ‘Best Newcomer’ category, and has been nominated in February 2009, 2010 and 2011 in the ‘Best European Strategy’ category. Prior to launching her own firm in 2003, she worked for Appleton International where she was appointed CEO in 2002. While at Appleton she had been responsible for managing the Condor European Fund, one of the first European focused fund of funds, since its launch in February 2001.