Banker to the Stars

Alternative asset management fi rms will continue to come to market, says Credit Suisse’s Joseph Hershberger.

In the fall of 2004, Joseph Hershberger, then an investment banker with Putnam Lovell NBF Securities in New York, advised Greenwich, Connecticut–based hedge fund firm AQR Capital Management on the $250 million sale of a minority stake in its business. The acquirer was Affiliated Managers Group, a Prides Crossing, Massachusetts–based company known for investing in boutique asset managers and then helping them grow.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.