LONDON (HedgeWorld.com)–Lorin Gresser was named head of Threadneedle Investments’ alternative investment business, a new role that developed as the firm has launched three hedge funds in as many years.
Ms. Gresser joined the firm in 2000, as officials were unveiling their first hedge fund offerings. Ms. Gresser previously was head of strategy at Threadneedle, which included oversight of the growing alternative investment segment of the firm’s business that now totals US$1.3 billion.
Simon Davies, chief executive, now will be handling the oversight of both the alternative and traditional asset management at the firm. Ms. Gresser is reporting to David Sachon, head of distribution.
Her responsibility will be to examine the possibilities in the alternatives space with the heads of the firm’s distribution divisions to bring together product development, back office and corporate governance functions in order to build up the firm’s hedge fund business.