BOSTON (HedgeWorld.com)–Kathleen William MacLaren and Kenneth E. Stocker joined Northeast Securities Inc. as the co-managing directors of a new division, created to serve the institutional hedge fund community, Northeast Alternative Strategies.
As another part of its expansion plans, Northeast announced the opening of a new office in Boston, which will supplement its New York and Connecticut operations. Mr. Stocker will work out of Northeast’s Wall Street office, the company said, while Ms. MacLaren heads up the trading and execution component of the new division from Boston.
Ms. MacLaren is the former chief operating officer of ValueQuest, a US$1.5 billion institutional money management firm purchased this week by Thomas Weisel Asset Management. She left ValueQuest in 1999, to team up with Mr. Stocker and form an investment advisory partnership.