Rachel Minard, president of San Francisco-based Cogo Wolf Asset Management, is leaving the troubled fund of funds.
Rachel Minard has resigned from her role as president of beleaguered fund of funds firm Cogo Wolf Asset Management. The firm suffered losses in 2008 and through mid-2009 and had failed to increase assets during her stay. Her time at the San Francisco-based firm was short; she joined in July 2008 in an effort to secure more institutional capital.
Instead of raising capital, the firm’s assets appear to have declined as a result of poor performance. The firm’s assets stood at $80 million in April 2009. That was down from about $100 million in