Manager To Boost Fund Of Hedge Funds Sales Team
San Francisco-based Montgomery Asset Management, an investment firm with more than USD7 billion in global assets, plans to beef up its sales team from six to 11 professionals over the next six months, said Bill Santos, managing director. The sales team will market single hedge fund strategies, including convertible arbitrage strategies, which use credit-default swaps, interest-rate swaps and equity derivatives, and fund of funds. The move coincides with the launch of an absolute return fund of hedge funds called the Montgomery Partners Series last week.
The sales force will focus on coordinating a national marketing campaign for the new Partners Series aimed at developing a customer base of U.S. broker-dealers and registered investment advisors. The firm recently hired Laurie Marchel, who joined the group in November as national accounts manager within the sales group. She reports to Santos. Marchel was a mid-west regional sales manager at Edward Jones prior to joining Montgomery.