Eliza Lau is now at the helm at SearchÆs fund-of-hedge-funds unit, Sail Advisors, while David Pierce is in the captain's cabin at fund-of-private-equity-funds Squadron Capital Advisors. They will separately report to Robert Miller, who will remain as chairman and CEO of Search Investments.
Eliza Lau had been chief investment officer at Sail since 2004, and in that capacity had been handling its multi-strategy funds of hedge funds, Sail Flagship Fund and Sail Pacific Explorer Fund. Those funds of hedge funds have recorded annualised net returns of 10%-11%.
ôWe expect to hire two or three...
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