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Mariner Explorer managers depart

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The $5.7 billion firm has lost two fund of funds portfolio managers.

Marc Stern and Charlie Flynn, who joined Mariner Investment Group in March 2008 from K2 Advisors, have left the Harrison, NY firm. Their future plans could not be determined.

Stern and Flynn co-managed the firm’s Mariner Explorer Fund, a fund of funds that launched in July 2008 and invests in hedge funds with unusual strategies, such as insurance-linked funds, weather derivatives, and shipping and freight-related strategies, among others. Mariner did not return calls. Stern and Flynn declined to comment.

They previously worked at K2 Advisors, the Stamford, Conn. fund of funds firm, where they co-managed the K2 Alternate