Capital Z Asset Management (CZAM) today announced that Christianna Wood, CalPERS Senior Investment Officer, Global Equity, will join the firm on March 17th as Chief Executive Officer. Elizabeth Flisser, a long standing partner at Capital Z, has been promoted to President.
Ms. Wood, 48, has an investment career spanning more than 27 years. She has been at CalPERS since 2002 and has been responsible for many initiatives including the development and implementation of its extensive global public equity program, bringing in-house the $30 billion international, enhanced and external equity program, and building a $7.5 billion hedge fund portfolio that has performed very well for the Fund. Previous to this, she also held senior positions managing equity portfolios at two institutions from 1981 to 1996.
Ms. Flisser, 34, who is being promoted to President of Capital Z Asset Management, has been with Capital Z since 1999 and has been responsible for sourcing, evaluating and structuring the hedge fund sponsorship investments as well as the firm's structured product and strategic investments. She sits on the board of advisors for OneWorld Investments, LP., Cedarview Capital Management, L.P., Praesidis Advisors, LLC and Aviator Fund Management, L.P. Prior to Capital Z, Ms. Flisser was a financial analyst at Goldman, Sachs & Co. in the Financial Institutions Group and Equity Capital Markets.
INFO SOURCES
Capital Z Asset Management
FIRMS
Capital Z Asset Management (CZAM) is an alternative investment asset management business headquartered in New York. CZAM manages investment vehicles that provide sponsorship capital to hedge funds while assuming a meaningful minority interest in their management companies and general partners. CZAM also offers a fund of funds, which invests in many of the sponsored hedge funds.
NOTE
On January 24, 2008, Capital Z Investment Partners, LLC announced the completion of a management buyout of its hedge fund sponsorship business in partnership with Paine & Partners, LLC, the San Francisco and New York-based private equity firm. As a result of this transaction, a new alternative asset management business, Capital Z Asset Management, was established to continue and expand the hedge fund sponsorship activities that Capital Z began in 1998.
PEOPLE
Laurence Cheng, Chairman of Capital Z Asset Management
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