BOSTON (HedgeWorld.com)–While Thomas Weisel Asset Management may have been looking to add to its asset management business with the purchase of ValueQuest, it also added resources for its hedge fund business.
The resources are within the senior management team at ValueQuest. Chief Investment Officer Katherine Magrath and senior investment professionals Ned Gray, Zoe Neale, and Larry Franko will continue to manage the ValueQuest investment products. And the integration of the investment groups will likely benefit both companies.
Tim Keefe, the chief investment officer of value products and the portfolio manager of Thomas Weisel's equity long/short hedge fund, Tailwind Investment Partners, will retain his role managing the hedge fund, but also will join the ValueQuest portfolio oversight group.
Mr. Keefe is looking forward to working with Ms. Neale and Mr. Franko, who both bring analysis expertise in the energy and telecommunications areas, respectively. Healthcare and basic production and manufacturing are other sectors the additional ValueQuest team members will likely add their expertise, he said.
