FORT WORTH, Texas--(BUSINESS WIRE)--Crestline Summit, the multi-strategy hedge fund division of Crestline Investors, Inc., today announced the appointment of Brian Peller as Chief Operating Officer. In this role, he will oversee middle and back-office operations, legal and compliance, accounting, and technology functions for the division.
Peller most recently served as Chief Operating Officer of Alliance Bernstein’s Multi-Asset Solutions business for five years. Before this, he was the Chief Operating Officer at Hutchin Hill’s QuantOne Group, Chief Operating Officer for Market Making and Head of Business Management at Virtu Financial Knight Capital (NASDAQ: VIRT).
“We believe Brian’s expertise across asset classes and prior leadership experience will be invaluable given the momentum of the business and our commitment to continuing to deliver attractive, high-quality returns to our investors,” said Caroline Cooley, Chief Investment Officer and Managing Partner at Crestline Summit. “Brian’s addition to the team illustrates Summit’s dedication to continuing to evolve with markets and to the opportunistic hiring of top portfolio management talent, which has been a key tenet to our success since inception.”
In conjunction with Peller’s hiring, Melinda Lilly, who joined Crestline Summit in 2015 and acted as Chief Operating Officer over recent years, will assume the newly created position of Chief Administrative Officer and work closely with Peller. Previously, she was the Director of Operations at Paradigm Advisors, where she had responsibilities including compliance, research, operations, and investor relations. “We are grateful for Melinda’s invaluable contributions to Summit and look forward to her continued efforts in managing the Summit platform and people in her new role,” said Neilson Arbour, Deputy Chief Investment Officer.
Peller will be based in Summit’s New York City office and regularly spend time in Summit’s Fort Worth headquarters. Lilly will continue to be based in Summit’s Fort Worth headquarters.
About Crestline Summit
Founded in 1997, Crestline Investors, Inc. is an institutional alternative investment firm with over $18 billion AUM headquartered in Fort Worth, Texas. The Firm has industry-leading businesses providing investor-focused solutions in multi-strategy, market-neutral hedge funds, private credit, private debt, and NAV lending, among others. The Firm maintains affiliate offices in New York, London, Toronto, and Tokyo.
In 2015, Crestline Investors launched Crestline Summit (“Summit”), which employs an open architecture multi-manager, multi-strategy business model that manages AUM over $2.5 billion across three investment solutions harnessing the same investment process and portfolio. Each solution has a unique risk/reward profile. Summit currently utilizes 1) Fundamental, 2) Tactical, 3) Capital Markets, and 4) Quantitative investment strategies. In addition, Summit employs an Office of the CIO portfolio implementing upsizing, hedging, and portfolio overlays to manage market and factor exposures. For more information, please visit www.crestlinesummit.com.