Mariner Hedge Fund to Take Over Concordia’s Operations
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Mariner Investment Group, the $10.2 billion hedge fund founded by William Michaelcheck, said it agreed to take over the business operations of Concordia Advisors. Terms weren’t disclosed.
Basil Williams, Concordia’s chief executive officer, will become Mariner’s deputy chief investment officer and will serve on the firm’s investment committee and management committee, New York-based Mariner said in a statement today. Williams will work closely with Michaelcheck, who is CIO of Mariner.