A growing business is spurring Gordon Asset Management, a fund of hedge funds based in Rye, N.Y., to add operational and analytical staff.
While he wouldn't provide further specifics, Chief Investment Officer Eric Gordon told eFinancialCareers.com, "The expansion is due to our growth in business - the number of clients and the demand from investors."
The firm's growth seems to track the sector's overall movement as pension funds, endowments and foundations look to put their collective wealth into these investment vehicles. "The original investors in the fund were really high net worth individuals, and now there is more interest from these types of institutional investors," said Gordon. "The increasing interest in the organization necessitated the need for additional personnel."
The fund pulls personnel from a variety of financial disciplines, including accounting, banking, legal, investment management and trading. Arthur Gordon, a former partner at Arthur Andersen, started Gordon Asset Management in 1997.