Former Invesco Ltd. investment strategist Diane Garnick is launching a firm to manage funds from pensions, endowments and other asset managers, Bloomberg reports.

The New York-based firm, dubbed Clear Alternatives LLC, reportedly has potential investor pledges and is aiming to raise some $500 million by December 31 and to increase its staff to 12 from its current staff of four, including Garnick.

Before joining Invesco in 2007, Garnick worked at Merrill Lynch & Co. derivatives strategist and State Street Corp. investment strategist. 

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE