Michaelcheck’s Mariner Plans to Back Statup Hedge Funds
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Mariner Investment Group LLC, William Michaelcheck’s $4.7 billion multistrategy hedge fund focused on fixed income and credit arbitrage, is starting a pool to invest in new hedge funds, according to a letter to investors.
The firm will hire people to manage capital allocations to startups, spinouts and new Mariner-advised or Mariner supported funds, Chairman and Chief Investment Officer Michaelcheck said in the firm’s first-quarter letter to investors, a copy of which was obtained by Bloomberg News. Mariner received a $500 million investment from the state-owned Alaska Permanent Fund Corp., according to a person familiar with the matter.