Hedge Funds

Mariner navigates the next step in its institutional evolution


To thrive and grow in a consolidating environment William Michaelcheck steers a $11.6bn firm to evolve into a multi-strategy business model

Bracebridge Young
Bill Michaelcheck
William Michaelcheck, chairman and chief investment officer of Mariner Investment Group, says that he never set out to build a multi-billion dollar hedge fund business. Not that it happened by accident. Michaelcheck had left Bear Stearns in 1992 to manage his own money. But friends came along with assets of their own, other traders joined to help out, and later that year Michaelcheck set up Mariner in Manhattan.

Twenty years on, in conjunction with its associated advisers, Mariner employs more than 240 people in several US locations plus