Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Mariner Hires BlackRock’s Pellicciaro for New Hedge Fund

Mariner Investment Group LLC, the $10 billion hedge-fund firm founded by William Michaelcheck, hired Eric Pellicciaro from BlackRock Inc. to manage a global macro portfolio of a new multistrategy hedge fund.

Mariner plans to hire several managers to run various strategies for the Mariner Incubation Fund and will invest an initial $50 million to $100 million in each portfolio, according to a statement today from the New York-based firm.

The firm seeks to attract investment personnel who have left banks because of the so-called Volcker Rule, according to Bracebridge Young, Mariner’s chief executive officer. The provision, part of the 2010 Dodd-Frank Act named for former Federal Reserve Chairman Paul A. Volcker, set limits on risk-taking and caused some U.S. banks to shut down or spin off proprietary-trading units.

“There is currently a great deal of senior talent available in the market as a result of recent changes to the industry, specifically the effects of implementation of the Volcker Rule,” Young said in an e-mail.

Pellicciaro, 38, will manage Alarium Mariner Global Macro, a portfolio within the Mariner Incubation Fund that will invest in assets based on macroeconomic themes, the firm said in the statement. Mariner may later start a standalone Alarium Global Macro Fund managed by Pellicciaro, it said.

Pellicciaro was formerly head of global rates investments at New York-based BlackRock, where he was responsible for macro and global interest rate strategy for the more than $600 billion fundamental fixed-income portfolios, Mariner said in the statement. He also co-managed fixed-income mutual funds and ran alternative investment and mortgage portfolios.

Mariner was started in 1992 and has 230 people working in offices from New York to Seoul.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.