NEW YORK--(BUSINESS WIRE)--Arden Asset Management LLC (“Arden”), a leading independent fund of hedge funds manager, today announced that Tom Murray, former Partner and Deputy Chief Investment Officer of EIM USA, has joined the firm as Managing Director, Investment Strategist. In this new role, Mr. Murray will work closely with Arden's Investment Committee to develop the firm’s top-down view and help to support Arden's customized investment portfolios. In addition, he will interact regularly with Arden's Client Service and Development team for client, consultant and industry meetings and events.
Averell H. Mortimer, President and Chief Executive Officer, said, “We are thrilled to have Tom join Arden’s management team. Tom has significant expertise that will benefit our clients as we further enhance our investment offerings and provide services that suit the evolving needs of our global investor base.”
Henry Davis, Managing Director and Head of Manager Research, said, “Arden is committed to both developing products that will capitalize on investment opportunities and to providing the highest level of service to our clients. Tom will provide insight and coordination between these two priorities.”
As a voting member of EIM’s Investment Committee, Mr. Murray was responsible for top-down strategy allocation and investment decisions. Prior to joining EIM, he was a Portfolio Manager and member of the Investment Committee at Parker Global Strategies, a customized fund of hedge fund firm. He also served as a Vice President in Citigroup’s Alternative Investment Strategies Division. Mr. Murray began his career at Alliance Capital Management.
About Arden
Founded in 1993, Arden is a leading independent global fund of hedge funds investment management company with offices in New York and London. Arden’s institutional and individual investors include taxable and non-taxable clients from the United States, Canada, South America, the United Kingdom, Europe, Australia, Japan and Asia ex-Japan.