Meredith Whitney Jumps To Funds of Funds Portfolio Management

One time money manager Meredith Whitney has a new role in the financial services industry that will test different muscles in her portfolio management skill set.

Meredith Whitney to execute a diversified portfolio management strategy at Arch Capital Group

With $800 million nominal investment capital in hand, Whitney founded Arch Capital Group, Bloomberg first reported. Meredith Whitney will operate a subsidy of the property-and-casualty insurance and reinsurance company by operating Arch as a fund of funds, investing in various hedge fund strategies rather than specifically directing investments into the markets.

Whitney’s eight hedge fund constituent portfolio follows what some academics and practitioners has said is the preferred number...