NEW YORK (HedgeWorld.com)–Optima Fund Management hired institutional sales veteran John R. Langeler as a managing director and its new co-head of U.S. institutional sales.
Mr. Langeler previously was a senior vice president at Husic Capital Management, San Francisco. Executives for Husic, which has its own hedge fund offerings and manages about US$484 million in total, declined comment on his replacement.
At Optima, Mr. Langeler will seek to broaden Optima’s exposure to institutional investors and pension consultants. He will be working with Jeffrey R. Cagnina, a managing director and the other co-head of U.S. institutional sales, said D. Dixon Boardman, chief executive of Optima. Mr. Boardman said in a statement that Optima has invested heavily in hedge fund research the last two years, and its executives “are eager to spread our message.”
Optima has managed multi-strategy portfolios for three years, and has US$1.6 billion under management in hedge funds of funds. It manages more than US$2 billion in total. Early in May, Optima launched a new multi-strategy offshore hedge fund of funds, the Optima Absolute Return Fund Ltd. Previous HedgeWorld Story.