The company has hired Eric Pellicciaro, former head of global rates investments at BlackRock, to oversee a global macro portfolio, called Alarium Mariner Global Macro, within the new Incubation Fund.
Presently, a fund-of-one, the Incubation Fund will support industry-leading and established talent in areas that it considers investment opportunities and give the firm a new, competent structure for incubating new managers.
The asset management company said that its managers will oversee portfolios with initial investments from $50m to $100m on behalf of the fund.
Mariner CEO Bracebridge Young said, "Mariner takes an investment-led approach to our mandates, and the Mariner Incubation Fund reflects our latest thinking on where the opportunities lie in the rate, credit and equity markets."
The Alarium Mariner portfolio will utilize a global macro strategy coupled with fundamental research with systematic and quantitative methods across the broader G20 liquid market segments.
The company is also planning to roll out the Alarium Global Macro Fund in future, which will be a stand-alone fund likely to be managed by Pellicciaro.
Established in 1992, Mariner Investment manages nearly $10bn of assets together with its associated advisers consisting of several direct and affiliated single and multi-strategy hedge funds among others.
