Fri, Apr 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Fund of hedge funds investment firm PAAMCO names three new partners

Tuesday, January 08, 2013
Opalesque Industry Update – Pacific Alternative Asset Management Company (PAAMCO), the US$ 8.5 billion fund of hedge funds investment firm, promoted Jim Meehan, Scott Warner and David Weinberger to Partners.

These promotions highlight the firm’s focus on developing its employee-ownership and ongoing succession plan. PAAMCO is a leading manager of alternative investment assets for pension funds, sovereign wealth funds and other institutions.

Commenting on the appointments Jane Buchan, Chief Executive Officer of PAAMCO, noted: “Jim, Scott and David have made a huge contribution to firm’s continuing development and we are delighted to welcome them to our growing partnership. These promotions demonstrate our commitment to being one of the very few firms in our sector that is broadly owned and controlled by its senior professionals. We believe that our partnership structure allows us to align our interests with those of our clients and ensures a sustainable future for PAAMCO.”

Jim Meehan joined PAAMCO in 2008 from PIMCO. As a Managing Director in PAAMCO’s Account Management department he leads PAAMCO’s development of institutional client relationships.

Scott Warner joined PAAMCO in 2006 after completing an MBA at the Anderson School of Management at the University of California, Los Angeles. Prior to his graduate studies Warner worked in the Investment Management Division at Goldman Sachs. He is Sector Specialist for long/short equity and equity market neutral investments.

David Weinberger joined PAAMCO in January 2012 after previously leaving his position as Senior Advisor for UBS Investment Bank. He is responsible for managing the firm’s Portfolio Management department and is a member of the Portfolio Construction Group. He is assuming leadership of Portfolio Management from Bill Knight, one of the four original founding partners of PAAMCO, who plans to retire in 2013.

These appointments bring the total number of employee Partners at PAAMCO to 16.

Press release

www.paamco.com


Recent related coverage:
Funds of funds and emerging managers: a mutually beneficial partnership Source

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1