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Former Tower Executive Joins Parker Global

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STAMFORD, Conn. (–Parker Johnson joined fund of funds firm Parker Global Strategies as a managing director and director of marketing.

Mr. Johnson joined Parker Global from Tower Capital in New York where he was managing director, responsible for sales and marketing of two funds of funds. Prior to that, he was at Union Bancaire Privee Asset Management, New York, where he headed sales and marketing of domestic and offshore multi-strategy funds.

Mr. Johnson, who will also be a member of the management committee, is responsible for leading all global marketing efforts at Parker Global and reports directly to Virginia Parker, president and founder of the firm.

“Parker’s high-level experience in the fund of funds and multi-strategy fund areas is key for our organization as we continue to raise assets for our own fund of funds and win significant mandates to customize multi-manager hedge fund strategies for our global clients,” said Ms. Parker, in a statement.

Parker Global Strategies recently won several major mandates. A fund of funds launched about a year ago, PGS Gamma Edge, now has US$100 million in assets under management . Four new funds of funds are currently under development, in multi-strategy, distressed securities, aggressive and relative-value areas. Founded in 1995, the firm has advised on mandates with a combined asset value of US$1.75 billion since its inception.

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