New York (HedgeCo.net) – Institutional, hedge fund and high net-worth investor solutions firm, Rogerscasey, has reached $10.0 billion in *discretionary assets under management as of June 30, 2010. To further this growth, the firm recently hired Robert Zeidman, a former managing director at Wilshire Associates, as a dedicated business development director to round out the firm’s up and coming multi-manager team.
“We are very excited at the growth we have seen in client relationships where we have taken on discretionary and fiduciary responsibilities,” said Rogerscasey CEO Tim Barron. Almost half of Rogerscasey’s discretionary assets are in outsourced private equity and hedge fund mandates.
To help build on this success to date, Robert Zeidman will be developing the firm’s multi-manager business with new institutional clients on a national scale. At Wilshire Associates, Zeidman was most recently responsible for business development of the firm’s general investment consulting services. In 2008 he started his own third-party marketing firm where he assisted both asset managers and investment technology firms in their sales and marketing campaigns.
Rogerscasey has been engaging in discretionary relationships with clients for more than 10 years. These clients include defined benefit plans, defined contribution plans, endowments, foundations, and healthcare organizations, also managing model portfolios, and has established a strategy-specific hedge fund platform. The firm’s institutional investment outsourcing platform, MasterManager, currently has $3.0 billion in assets under management. The platform is currently establishing funds in real asset classes, including infrastructure, commodities, agriculture and farmland.
*Discretionary asset programs are investment engagements where clients outsource significant additional investment activities to an investment consultant. Through this type of a relationship, institutional investors leverage Rogerscasey’s ability to select and replace investment managers, manage cash flows and investment operations, manage asset allocations and rebalancing, and organize governance and oversight of the investment portfolios.
Alex Akesson
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