IRVINE, Calif., Jan. 9, 2012 /PRNewswire/ -- Pacific Alternative Asset Management Company®, LLC ("PAAMCO"), an alternative investment management firm announced today that David Weinberger has joined as Managing Director, Head of Portfolio Management.
In his new role, Mr. Weinberger will initially work alongside PAAMCO co-founder Bill Knight who heads the firm's manager research, sourcing and due diligence efforts to identify, evaluate, and include optimal managers in the PAAMCO portfolios. Weinberger will take over at the end of the year upon Knight's retirement.
"Given David's quantitative, analytical and advisory background he is ideally suited to succeed Bill in overseeing PAAMCO's portfolio management process," said Jane Buchan, Chief Executive Officer of PAAMCO. "David will have the added benefit of collaborating with Bill over the next year, ensuring a seamless transition."
Mr. Weinberger said, "After 20 years working at major financial institutions I am excited about the opportunity to work with my colleagues at PAAMCO to develop new tools that will assist the firm's clients in identifying new investment opportunities. PAAMCO has a strong institutional platform and an exceptional reputation with both investors and managers."
Mr. Weinberger has been a general partner of O'Connor Partners since 1992. Before that he spent 9 years at The O'Connor Partnerships, the predecessor to O'Connor Partners, where he headed the Chicago office's daily operations. He was also responsible for all derivatives-related trading and research. Over the course of his career Mr. Weinberger has also been a managing director at Swiss Bank and later a senior advisor to Swiss Bank and its successor, UBS Investment Bank. Prior to O'Connor, Weinberger was a vice president at Goldman Sachs where he created proprietary arbitrage trading in equity options and index futures. He also assisted in risk arbitrage, convertible bonds and equity options analysis and trading. Mr. Weinberger holds a Ph.D. in operations research from Cornell University and an A.B. in mathematics from Princeton University.
Pacific Alternative Asset Management Company is a hedge fund of funds dedicated to offering strategic investment solutions to large, sophisticated institutional investors. Based in Irvine, California, PAAMCO was started in March 2000, has a global headcount of 130, offices in London and Singapore, and approximately $8 billion of assets under direct management. The firm's portfolio management team has both a strong academic background and years of experience in working with institutions and analyzing and creating multi-strategy portfolios of hedge funds.
The firm's portfolio management team has both a strong academic background and years of experience in working with institutions and analyzing and creating multi-strategy portfolios of hedge funds. Website: www.paamco.com.
SOURCE Pacific Alternative Asset Management Company, LLC