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Arden Asset Management

In early 2014, New York-based fund-of-funds firm Arden Asset Management landed a deal that helped boost firmwide assets from $6.1 billion to $11.4 billion by year-end. The Massachusetts Pension Reserves Investment Management Board, better known as MassPRIM, selected Arden from a pool of 17 candidates as its hedge fund investment consultant after Marina del Rey, California consultancy Cliffwater’s three-year contract with MassPRIM expired. Arden had to yield a little bit to seal the deal: The fund of funds charges the $61.9 billion Boston-based pension scheme $750,000 a year, or about half of what Cliffwater charged. But the New York-based firm’s impressive hedge fund database and willingness to do due diligence on MassPRIM’s behalf also helped the firm triumph above the competition…

Back to Fund of Funds 50 RankingArden Asset Management / $11.4 billion Location:New York, NY

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