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,