CHICAGO (HedgeWorld.com)--Christopher Walvoord is joining Guidance Capital as a principal and will contribute to the firm's multi-manager hedge fund investment process.
He will be involved in manager research, portfolio construction and asset allocation for the Guidance Green Terrain LP and the Guidance Blue Terrain LP, which will launch at the end of September.
Guidance Capital wanted to add another professional to assist in the research and design of the firm's existing funds and new offerings planned for introduction this fall.
Green Terrain invests in 18 managers in five distinct hedged strategies in the pursuit of absolute returns, while Blue Terrain will invest in long-biased hedged equity managers. Blue Terrain invests in four categories: industry specialists, value-oriented, growth-oriented and growth at a reasonable price.
Before joining Guidance, Mr. Walvoord was director of hedge fund investments at The Northern Trust Co., Chicago. At Northern, he oversaw the investment process for the firm's four hedge funds of funds, which total more than US$400 million. Officials at Northern were not available for comment.
Northern plans to replace Mr. Walvoord, though the position will not be exactly the same as the one Mr. Walvoord held said Steve Timbers, president of Northern Trust Global Investments, Chicago, the asset management arm of Northern Trust.