PAAMCO Names Four New Partners

IRVINE, Calif., July 1 /PRNewswire/ -- Pacific Alternative Asset Management Company, ("PAAMCO"), a US $10 billion fund of hedge funds company, today announced that Mayer J. Cherem, Maarten Nederlof, Neale Safaty and Kevin Williams have been promoted to partners.

"These appointments underscore PAAMCO's continuing commitment to excellence in due diligence, risk management and portfolio construction. These individuals have made significant contributions to our business as well as the disciplined investment process we implement to achieve superior risk adjusted returns for our clients," said Jane Buchan, Chief Executive Officer of PAAMCO.

Mayer J. Cherem is a Director and the Sector Specialist responsible for the evaluation and management of opportunistic investments and offensive risk management initiatives. He is also a member of the firm's Strategy Allocation Committee where he focuses on assessing the impact of asset allocation on overall portfolio risk and performance.

Maarten Nederlof is a Managing Director and Head of Portfolio Solutions at PAAMCO. He is a member of the Investment Management and Risk Management Committees and has twenty-four years of experience in investment management and portfolio construction with institutional investors.

Neale Safaty is based in PAAMCO's London office and is currently a Managing Director and a Sector Specialist for Convertible Bond Hedging in the firm's Portfolio Management Group. Mr. Safaty is also responsible for the firm's Pan Asia Alpha Strategies' business and client relationships.

Kevin Williams is the Head of Investment Operations and is responsible for overseeing operational due diligence, legal and regulatory review, fund accounting and administration and PAAMCO's managed account platform. In addition, Mr. Williams has led strategic business initiatives, manages certain institutional client relationships, and is a member of the firm's Investment Management and Account Management Committees.

About Pacific Alternative Asset Management Company ("PAAMCO")

Pacific Alternative Asset Management Company ("PAAMCO") is a fund of hedge funds dedicated to offering strategic investment solutions to large, sophisticated institutional investors. Based in Irvine, California, PAAMCO was started in March 2000, and currently has approximately $10 billion under direct management. The firm's portfolio management team has both a strong academic background and years of experience in working with institutions and analyzing and creating multistrategy portfolios of hedge funds.

PAAMCO has a global staff of 127 including 40 investment professionals and is owned by 14 full-time partners. In 2003, PAAMCO established a subsidiary in London ("PAAMCO Europe"), and in 2006, established a subsidiary in Singapore ("PAAMCO Asia"), both of which are majority owned by PAAMCO in the US.

PAAMCO is registered with the SEC and the CFTC; PAAMCO Europe is authorized and regulated by the FSA; and PAAMCO Asia is listed with the Monetary Authority of Singapore. Website: www.paamco.com.

SOURCE Pacific Alternative Asset Management Company