Management team named for San Francisco funds


MCF Asset Management of San Francisco has formalized the management team overseeing its hedge fund business.

Steve Ledger has been named president of MCF Asset Management, John Hiestand has been appointed its chief operating officer and Jay Diamonon has joined to serve as director of sales.

Ledger joined MCF in 2006 as portfolio manager of the MCF Focus Fund, a role he will continue to perform. In his new position, Ledger will also oversee plans to grow MCF’s assets under management from its current $60 million. Prior to joining MCF, Ledger founded Storie Partners, an investment management firm focused on