Investor profile: Pacific Alternative Asset Management Company (Paamco)

Catching the wave

surfer-paamco

The Pacific Alternative Asset Management Company (Paamco) has been at the forefront of one of the defining financial stories of the past decade: the rise of institutional investment in hedge funds.

The California-based fund of funds manager was founded in the aftermath of the dotcom crash which marked the onset of a prolonged bear market in equities. It may not have seemed like it then, but the timing was fortuitous.

The stock market collapse decimated the funding levels of defined benefit pension