CPPIB Hires Carrasquillo, Expand Hedge Fund Strategies

Whispers of a long/short equity hedge fund are starting to escape from the Canada Pension Plan Investment Board (CPPIB).

According to Financial News, a subsidiary of Dow Jones & Company, CPPIB has decided to build out a long/short portfolio that will target Europe, the Middle East and Africa (EMEA). The news came in conjunction with the hire of Dureka Carrasquillo from Tranberg Capital Management.

Alain Carrier, head of Europe for CPPIB, played down the suggestion of an “in-house hedge fund,” electing to equate it to a strategy CPPIB has in play in Toronto.

The CPPIB is known in asset management circles as being a sophisticated investor, bringing significant investment expertise in house. This recent move to expand their in-house EMEA equity team identifies with this perception.

Prior to joining the US$ 175 billion CPPIB as the senior portfolio manager of EMEA, Carrasquillo was the CEO of Tranberg Capital Management. She also held senior positions at Partner Fund Management, Powe Capital Management and Invesco.

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