NEW YORK, Sept. 3, 2014 /PRNewswire/ -- Investcorp, a leading provider and manager of alternative investment products with more than $11 billion in assets under management, announced today that Rebecca Hellerstein has joined the firm's Hedge Funds business as a Managing Director in a newly created role as a Cross Asset Strategist.
In this role, Ms. Hellerstein will have primary responsibility for fundamental cross asset and alternative risk factors research. She will also focus on enhancing Investcorp's capabilities in liquid alternative strategies. Ms. Hellerstein will be a member of the Hedge Funds Strategic Outlook and Investment Committees and will report directly to Lionel Erdely, Head and Chief Investment Officer of Hedge Funds.
Commenting on the hire, Mr. Erdely said, "Cross asset research and alternative beta analysis have long been key components of our investment process. With her strong experience and credentials, Rebecca will make important contributions to enhance the performance of our investment solutions and to expand our Alternative Beta offering."
Before joining Investcorp, Ms. Hellerstein served as a Global Strategist in the Global Multi-Asset Group at JP Morgan Asset Management. Prior to that, she spent nine years at the Federal Reserve Bank of New York, most recently as a Senior Economist in the International Research Group. Ms. Hellerstein was awarded the President's Award for Excellence by the Federal Reserve Bank of New York in 2007. A former adjunct associate professor at NYU's Stern School of Business, Ms. Hellerstein graduated Magna Cum Laude from Harvard College and obtained her Ph.D. in Economics from the University of California at Berkeley. Her articles on global macroeconomics and finance have been published in, among other journals, the American Economic Review and the Review of Economic Studies.
As of June 30, 2014, Investcorp's Hedge Funds Group had approximately $5 billion of assets under management, including $2.5 billion in customized funds of hedge funds, $2.2 billion allocated to Investcorp's single manager business and $250 million in its special opportunities portfolios.
Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in New York, London, Bahrain, Saudi Arabia and Abu Dhabi. Investcorp has three business areas: corporate investment in the US, Europe and the Gulf, real estate investment in the US and global hedge funds. As at June 30, 2014, Investcorp had $11.4 billion in total assets under management, including assets in single manager funds managed by third party managers where Investcorp receives fees calculated on the basis of AUM. Further information, including our most recent periodic financial statements, which details our assets under management, is available at www.investcorp.com.