More fund giants are starting to sing the song of alts.
For example, Federated Investors
has hired Michael Dieschbourg
to head the company's alternatives/managed-risk investment group. Dieschbourg will serve as managing director and senior vice president and will report to Stephen Auth
, chief investment officer for global equities.
He most recently served as senior managing director at dynamic hedge fund shop Broadmark Asset Management
. He is the former chief executive officer and global head of environmental, social and corporate governance for Global Currents Investment Management
. In addition, Dieschbourg spent 18 years in institutional consulting, including five as national director of Smith Barney Consulting Group
The new alternatives/managed-risk group, which Dieschbourg will lead, combines two existing teams that have been developing new products in the managed-risk space.
The full press release can be found here
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