Opalesque Industry Updates – FRM Capital Advisors, the hedge fund seeding division of Financial Risk Management, and Eagle River Asset Management LLC have formed a strategic relationship under which FCA has made a significant investment in Eagle River’s fund. The investment will bring total assets under management at Eagle River to over $100 million.
Eagle River is a New York based hedge fund manager headed by Michael Pascutti. Michael was a founding partner at Sandelman Partners, where he and the Eagle River portfolio team ran a relative value portfolio. Prior to that, Michael spent five years with Citadel Investment Group, where he served as Head of U.S. Convertibles.
