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Opalesque Industry Update - Partners Capital, an outsourced investment office serving institutions and senior investment professionals in Europe, North America and Asia, today announced that Richard Scarinci will join its senior management team in September 2016 as a Partner. Mr. Scarinci will help lead Partners Capital’s efforts to serve its $6 billion of existing individual and institutional clients in North America and support the firm’s global research efforts to identify the best managers of active liquid investment strategies. He previously worked at Blackstone Alternative Asset Management, where he was a Managing Director and a Co-Portfolio Manager within the Hedge Fund Solutions Group. Stan Miranda, Chief Executive Officer of Partners Capital, said, “In the increasingly challenging investment environment, rigorous selection of active asset managers is more important than ever, so we are excited that Rich will be joining Partners Capital’s partner group. He will contribute to our ongoing efforts to find and access the rare group of managers who are likely to generate significant outperformance. Rich will also play an important Client CIO role, managing several of our large institutional client portfolios.” Blackstone Alternative Asset Management, Mr. Scarinci held responsibility for hedge fund manager evaluation, selection and monitoring, with a primarily focus on portfolio management across the multi-manager programs. Mr. Scarinci first joined The Blackstone Group in 2003, serving in a number of roles and performing a wide range of due diligence activities, including risk management and operational diligence. He holds a BA in Economics with a concentration in Finance from Princeton University.
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Industry Updates
Partners Capital snags Blackstone's Scarinci
Wednesday, July 27, 2016
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