JERSEY CITY, N.J.–Unigestion Holding, the Geneva-based alternatives manager, will open a U.S. office by the end of the year to help it find, screen and monitor U.S. hedge fund managers for its funds of funds.
Paul Morin, executive director of the newly formed Unigestion (U.S.) Ltd., said the Jersey City office would not have any portfolio management responsibilities. Instead, it will support Unigestion’s Geneva-based fund of funds investment operation by performing due diligence, monitoring and risk assessment of U.S. hedge fund managers.
“The primary role at this time of the U.S. office will be to assist in the hedge fund area,” Mr. Morin said. “We’re supporting the investment processes that go on, primarily in Geneva.”
Unigestion hired Mr. Morin in February. Previously he was president and founder of the hedge fund consulting firm PRM Advisors Inc., Warren, N.J. Previous HedgeWorld Story.
Unigestion also named Sandra D’Italia as chairman of the U.S. venture’s board of directors. Ms. D’Italia recently retired from the Goldman Sachs Group Inc., New York, where she was a managing director and co-head of the portfolio management department.