Funds of Hedge Funds

Westrock Group starts new multi-manager business


Westrock Group, a financial services firm owned by the Lower Brule Sioux Tribe, is now expanding its business line to include funds of hedge funds.

Michael Pechersky, formerly of Union Bancaire Privée, has joined the firm to initiate the launch of the multi-manager unit. In his role as senior portfolio manager, it is understood he will be in charge of manager selection at Westrock Alternative Investments.

New York-based Westrock Group, which includes an advisory group and institutional asset management unit, is the first US full service financial services firm to be wholly-owned by a