Hedge Funds

Pine Grove avoids eight types of risk to continue running a FoHF business in post 2008 world

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The Managing Your Investment Manager philosophy permeates the US firm’s ethos

By Claire Makin

Tom Williams
Matthew Stadtmauer
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,