Hennessee Group forms alliance with marketing and financial services veteran Hardy
Hennessee Group has formed an alliance with industry veteran and marketing expert Leland Hardy, with the aim of expanding its hedge fund advisory services to domestic and international institutions and high net worth individuals.
Hardy's career in investment banking includes positions at Bear Stearns between the late 1980s and early 1990s, and with boutique investment banking firms specialising in niche trading strategies for municipal pension funds and other investment sectors.
'Our success has been in providing select hedge fund portfolios to meet specific client objectives,' says the firm's managing principal E. Lee Hennessee.
'Hardy brings a wealth of international experience, foreign language expertise, and a global perspective that will enable us to expand our client base to include international clients, particularly those from East Asia, the Middle East and the Caribbean,' adds Charles Gradante, the firm's co-founder.
Hardy, who is fluent in various languages including Mandarin Chinese, believes that the current market environment presents an unprecedented opportunity to deliver Hennessee Group's expertise in proprietary analytics and money management in the hedge funds field to a growing audience of wealthy institutions and individuals in the US and worldwide.
'Who could have imagined, even a few years ago, that the personal wealth of the likes of Bill Gates and Warren Buffett would be eclipsed by anyone, let alone second-world, self-made entrepreneurs as it has been?' he says in a reference to Carlos Slim, owner of America Movil, Latin America's largest mobile telephony firm and now reputed to be the world's richest individual with a net worth of some USD63bn.
Hardy also provides real estate, hotel, and luxury resort investment opportunities in the Turks & Caicos Islands through his Providenciales -based Turks & Caicos Islands Development Group.
Hennessee Group is a registered investment adviser that advises direct investors in hedge funds on asset allocation, manager selection, and ongoing monitoring of hedge fund managers. It compiles the Hennessee Hedge Fund Indices to benchmark individual hedge fund manager performance, but does not sell a fund of hedge funds product nor market individual hedge fund managers.
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