{"id":34800,"date":"2013-04-08T09:51:59","date_gmt":"2013-04-08T13:51:59","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=34800"},"modified":"2013-04-08T09:51:59","modified_gmt":"2013-04-08T13:51:59","slug":"mariner-hires-blackrocks-pellicciaro-for-new-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2013\/mariner-hires-blackrocks-pellicciaro-for-new-hedge-fund.html","title":{"rendered":"Mariner Hires BlackRock\u2019s Pellicciaro for New Hedge Fund"},"content":{"rendered":"<p>Bloomberg &#8211; Mariner Investment Group LLC, the $10 billion hedge-fund firm founded by William Michaelcheck, hired Eric Pellicciaro from BlackRock Inc. (BLK) to manage a global macro portfolio of a new multistrategy hedge fund.<\/p>\n<p>Mariner plans to hire several managers to run various strategies for the Mariner Incubation Fund and will invest an initial $50 million to $100 million in each portfolio, according to a statement today from the New York-based firm.<\/p>\n<p>The firm seeks to attract investment personnel who have left banks because of the so-called Volcker Rule, according to Bracebridge Young, Mariner\u2019s chief executive officer. The provision, part of the 2010 Dodd-Frank Act named for former Federal Reserve Chairman Paul A. Volcker, set limits on risk- taking and caused some U.S. banks to shut down or spin off proprietary-trading units.<\/p>\n<p>\u201cThere is currently a great deal of senior talent available in the market as a result of recent changes to the industry, specifically the effects of implementation of the Volcker Rule,\u201d Young said in an e-mail.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2013-04-08\/mariner-hires-blackrock-s-pellicciaro-for-new-hedge-fund.html\">Read Entire Story<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Mariner Investment Group LLC, the $10 billion hedge-fund firm founded by William Michaelcheck, hired Eric Pellicciaro from BlackRock Inc. (BLK) to manage a global macro portfolio of a new multistrategy hedge fund. Mariner plans to hire several managers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34800","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=34800"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34800\/revisions"}],"predecessor-version":[{"id":34803,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34800\/revisions\/34803"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=34800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=34800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=34800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}