Deals & People September 7, 2010

UBS Appoints New Head of Alternative Investment Solutions

UBS Global Asset Management has appointed Bruce Amlicke as Co-CIO and Head of Alternative Investment Solutions (AIS).
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Amlicke reports to Bill Ferri, Global Head of Alternative and Quantitative Investments (A&Q) and is based in Stamford, CT. He will work closely with Rick Nardis, Co-CIO of AIS, and Bill Brown, formerly Co-CIO of AIS, who is taking on a more focused role in hedge fund manager and strategy research.   

According to the announcement, Amlicke returns to the firm after spending five years at Blackstone where he was the CIO of the fund of hedge funds business. He started his career in 1986 at O’Connor, A&Q’s single manager hedge fund provider, and was a key member of the team that founded the AIS business in 2000.   

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AIS manages or advises on approximately $20 billion in hedge fund portfolios and has teams based in Stamford, New York, London, Hong Kong, and Tokyo.  

Products September 7, 2010

New Hire at River Road Will Lead Independent Value Investment Strategy

River Road Asset Management, LLC announced that Eric Cinnamond has joined the firm as Vice President and Portfolio Manager at River Road, and will lead the firm’s new “Independent Value” investment strategy.
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River Road’s Independent Value strategy will be a key part of the firm’s new alternative equities effort, a strategy the firm has spent more than two years developing, according to the announcement.  

Cinnamond has more than 16 years of investment experience. Prior to joining River Road, he served as Lead Portfolio Manager for Intrepid Capital Management’s Small Cap strategy. He has also served as a portfolio manager and analyst at Evergreen Asset Management and as a portfolio manager at First Union National Bank of Florida.  

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Cinnamond received his bachelor of business administration degree in finance from Stetson University and his master’s degree in business administration from the University of Florida.

“Our alternative investment strategies are designed to complement River Road’s more traditional institutional portfolios,” said R. Andrew Beck, President and co-founder of River Road, in the announcement. “The ultimate goal is to provide clients with a focused group of investment solutions that can succeed in a difficult economic environment.”  

River Road’s Independent Value strategy will be available to clients beginning September 15.  

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