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Sandalwood taps Robert Wood Johnson Exec. Mihir Meswani for institutional push

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Meswani has taken the role of chief portfolio strategist at Sandalwood and will co-manage the firm’s funds of funds.

Sandalwood Securities, the Roseland, N.J.-based $1 billion credit fund of funds, recently hired Mihir Meswani, formerly the director of public market managers at the $8 billion Robert Wood Johnson Foundation, as part of a push to attract institutional clients.

The firm is also considering whether to build on Meswani’s equities expertise to create a fund that would primarily invest in long/short equity managers, though these discussions are preliminary. Sandalwood already has a small exposure to equities hedge funds, but has never launched a large equity vehicle and remains primarily focused on credit. Sandalwood declined to comment.

Meswani has taken the