Partners Capital Names Richard Scarinci Partner; Former Blackstone MD to Support Management of the Growing North American Outsourced Investment Office Business

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Jul 26, 2016, 07:30 ET

BOSTON and LONDON, July 26, 2016 /PRNewswire/ -- Partners Capital, the Outsourced Investment Office serving sophisticated institutions and senior investment professionals in Europe, North America and Asia, today announced that Richard Scarinci will join its senior management team in September 2016 as a Partner. Mr. Scarinci will help lead Partners Capital's efforts to serve its $6 billion of existing individual and institutional clients in North America and support the firm's global research efforts to identify the best managers of active liquid investment strategies. He previously worked at Blackstone Alternative Asset Management, where he was a Managing Director and a Co-Portfolio Manager within the Hedge Fund Solutions Group.

Stan Miranda, Chief Executive Officer of Partners Capital, said, "In the increasingly challenging investment environment, rigorous selection of active asset managers is more important than ever, so we are excited that Rich will be joining Partners Capital's partner group. He will contribute to our ongoing efforts to find and access the rare group of managers who are likely to generate significant outperformance. Rich will also play an important Client CIO role, managing several of our large institutional client portfolios."

At Blackstone Alternative Asset Management, Mr. Scarinci held responsibility for hedge fund manager evaluation, selection and monitoring, with a primarily focus on portfolio management across the multi-manager programs.

Mr. Scarinci first joined The Blackstone Group in 2003, serving in a number of roles and performing a wide range of due diligence activities, including risk management and operational diligence. He holds a BA in Economics with a concentration in Finance from Princeton University.

About Partners Capital
Founded in 2001, Partners Capital is a wholly independent Outsourced Investment Office (OCIO) primarily serving sophisticated institutions and senior investment professionals in Europe, North America and Asia. With offices in Boston, New York, London, Singapore and Hong Kong, the firm is one of the few truly global OCIOs, employing 120 people worldwide and covering all major asset classes. The firm oversees assets of more than $17 billion at 30 June 2016. Its institutional clients include 11 Oxford and Cambridge Colleges, Eton College, the Research Foundation for the State of New York's University System, the Royal Academy of Arts, Milton Academy and the Cancer Research Institute. Additional information on Partners Capital may be found at www.partners-cap.com.