Mariner launches incubation fund, two managers have already joined

Mariner Investment Group, a $10bn alternative asset manager headquartered in New York, launched an incubation fund in April. Managers working with Mariner on the fund will provide strategy-level expertise and can use the Mariner infrastructure to support or start their own standalone hedge funds.

Eric Pellicciaro, who left BlackRock in November'12 where he was Head of Global Rates Investments, joined Mariner to manage a global macro portfolio called Alarium Mariner Global Macro LLC within the new Mariner Incubation Fund. Pellicciaro is the first manager in the Mariner Incubation Fund. Mariner also plans to launch the Alarium Global Macro Fund as a standalone fund, also to be managed by Pellicciaro.(Full Opalesque Exclusive).

The second manager in Mariner's Incubation fund is Richard Rumble, the former Head of Global Emerging Market Equity Prop Trading at Goldman Sachs, who will run a global emerging market equity portfolio on the Platform; the Mariner INOX GEM, LLC. Richard Rumble is partner at a one-year-old London-based fund manager specialised in emerging markets, called INOX Global Capital Management.

As an aside, in January, Mariner merged with Concordia Advisors, a $1bn alternative asset manager with offices in New York......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.