Asset Alliance Set to Grow London, New York Office
Alternative Investment News
March 2001
By Pamela Appea
Asset Alliance, a hedge fund firm with $2.4 billion in assets under management, is hiring three people for its New York headquarters, and three people for its London office.
Bruce Lipnick, president and ceo of Asset, said all of the six slots are newly-created positions. The company wants to hire new people now, Lipnick said, because of the high demand from institutional investor clients, in both the U.S. and abroad.
Lipnick noted Asset is growing its London office to service potential institutional investors in England, France and Italy, among other countries.
Lipnick also noted the London office is prepared to see Italian institutional investors in the next six to nine months, due to recent alternatives legislation in the country.
Asset Alliance’s New York openings include a marketing and structured products executive, a risk management executive and a consultant for hedge funds catering to both institutional and high-net-worth clients.
In London, Lipnick said Asset Alliance is looking for a quantitative analyst for its funds-for-funds operations, along with two support staff members.
Lipnick said the company does not have specific timetable for the staff expansion, but said if the firm funds the right people, the hiring could completed by the end of the year.
