Two executives from New York’s Structured Investment Group (SIG) have signed on to build the research team for Clearbrook Global Advisors of Princeton, N.J.
Timothy Ng, SIG’s former president and chief investment officer, has joined Clearbrook Investment Consulting as managing director and head of research with oversight of all aspects of the Clearbrook Research process.
Mark Hong, a former co-founder and principal of SIG, joins Clearbrook as a director and assumes a leading role in the Clearbrook research process. He will be focused across all asset classes but will play a role in the research and allocation of alternative investments. Additionally, given Mr. Hong’s background in the private equity and venture capital arenas, he will assist Clearbrook in future tactical acquisitions.
SIG was formed in 2002 to manage and advise hedge fund investments on behalf of institutions and family offices. Since then, the firm has launched structured products and multi and single strategy hedge funds of funds and currently advises on approximately $2 billion of assets. Ng and Hong have more than 40 years of combined investment experience managing assets and risk at firms including Smith Barney, Prudential Asset Management and Merrill Lynch.
“This new team has experience with dynamic asset allocation across hedge fund strategies, due diligence, portfolio and risk management, and monitoring of manager performance. They are well versed in hedge funds, private equity, senior secured and mezzanine debt financing, structured products, commercial finance and investment banking,” said Elliott Wislar, president and managing principal, in a statement.
“We are very excited about joining this rapidly growing, entrepreneurial firm,” Ng said in the statement. “Mark and I believe we have a lot to offer and feel that we can help leverage Clearbrook’s established platform to provide pro-active consulting and investment services to the firm’s clientele.”
Clearbrook Global Advisors provides investment and strategic advice, investment solutions and related wealth advisory services to institutions, individuals and financial intermediaries worldwide. Clearbrook has more than $30 billion in client assets under advisement and more than $2 billion in client assets held through its broker-dealer subsidiary, Managed Account Services.
Read about Clearbrook’s gain of 1,400 IPC client accounts from troubled broker-dealer Jesup & Lamont at AdvisorOne.com.