Pine Grove avoids eight types of risk to continue running a FoHF business in post 2008 world
Tue Jun 5, 2012
The Managing Your Investment Manager philosophy permeates the US firm’s ethos
By Claire Makin
Pine Grove Asset Management’s president, Matthew
Stadtmauer, has strong views about what it takes to run a
successful fund of funds business in today’s
hostile environment. "You have to have a clear value-added. If
you can’t explain to a client in two minutes how
you are distinct from other funds of hedge funds, you
aren’t going to be with that client," he says.
Pine Grove manages $960 million from offices in New Jersey
and Manhattan. From 1994 to 2011, the company was owned by its
founder, Arthur 'Art’ Williams (now chairman), a
distinguished figure on Wall Street for more than 45 years, who
devised its conservative investment philosophy. His book,
Managing Your Investment Manager, is now in its fourth
The firm’s approach is based on avoiding eight
common but distinct types of risk – both market and
ISSN: 2151-1845 / CDC10004H
The full contents of this article are available to active InvestHedge subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial, subscribe or log in to InvestHedge.
Subscribers have unlimited access to all current content, including fund performance Live League Tables. Start your subscription today - click on the button below.