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Crestline Summit, the multi-strategy hedge fund division of Fort Worth-based Crestline Investors, Inc., on Thursday announced the appointment of Brian Peller as chief operating officer.
Peller will oversee middle and back-office operations, legal and compliance, accounting, and technology functions for the division, according to a press release.
Peller most recently served as COO of Alliance Bernstein’s Multi-Asset Solutions business for five years. Before this, he was the COO at Hutchin Hill’s QuantOne Group, COO 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, in a statement. “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.”
Peller has a bachelor’s in decision information sciences from University of Florida, and an MBA from Northwestern, according to his LinkedIn profile.
In conjunction with Peller’s hiring, Melinda Lilly, who joined Crestline Summit in 2015 and acted as COO over recent years, will assume the newly created position of chief administrative officer and work closely with Peller.
Previously, Lilly 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.
Founded in 1997, Crestline Investors is an institutional alternative investment firm with more than $18 billion in assets under management. The firm maintains affiliate offices in New York, London, Toronto, and Tokyo.
In 2015, Crestline Investors launched Crestline Summit, which employs an open architecture multi-manager, multi-strategy business model with more than $2.5 billion assets under management.