Funds of Hedge Funds People Moves

Stein takes senior post at PAAMCO


Pacific Alternative Asset Management Company, a $9 billion fund of hedge funds company, has hired Peter Stein, who was previously the chief investment officer at the University of Chicago.

Peter Stein

Based in Irvine, Stein will take on a role in the senior management of the firm and chair the Strategy Allocation Committee. In Chicago, Stein was responsible for the management of the University's $4.9 billion endowment and its 20 person investment office.

In addition, Stein will work in and have oversight of less liquid strategies such as direct lending, workouts and control, and longer term event