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February 27, 2014updated 04 Apr 2017 2:28pm

AllianceBernstein expands alternatives team

AllianceBernstein has expanded its alternatives team by appointing Michael Conn as new managing director of strategy, operations and development for its Fund of Funds Group.

By Verdict Staff

AllianceBernstein has expanded its alternatives team by appointing Michael Conn as new managing director of strategy, operations and development for its Fund of Funds Group.

Based in Los Angeles, Conn will report to Marc Gamsin, head of AllianceBernstein’s Alternative Investment Management Group.

In his new role, Conn will work alongside Gamsin to develop the business strategy and new products for the group and assist existing and potential clients.

In addition, he will also work closely with the alternatives team to develop the firm’s diverse product offerings and help clients better understand the role alternatives play in their portfolio.

Conn has joined AllianceBernstein from The TCW Group, where he most recently served as managing director, head of corporate strategy and development for both traditional and alternative investments globally.

Prior to this, he was a senior financial analyst of strategic planning and development with the Los Angeles Times/Tribune Company.

Chris Bricker, head of alternatives at AllianceBernstein, said: "With Michael’s expertise and diverse alternatives background, he will be an integral part of our efforts to take advantage of this growth opportunity and to better manage risk for our clients as we build upon the success of our multi-manager focused investment solutions."

Currently, AllianceBernstein, with US$445 billion in assets under management, manages approximately US$16 billion in alternative assets and offers a range of strategies and capabilities that include asset classes and liquidity profiles.

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