Paula Treneer, former senior portfolio manager for the Abu Dhabi Investment Authority, will launch an alternatives investment consulting firm within the next couple of months, Ms. Treneer said in a telephone interview.
The new company, Idun Partners, will target institutions and family offices in structuring hedge fund and other alternative strategies, excluding private equity, Ms. Treneer said.
“A lot of hedge fund strategies that have been implemented over the past five to 10 years haven't really delivered,” said Ms. Treneer, who has not yet decided where the new company will be based. She left the ADIA in January.
“What we wanted to do is to help investors optimize and refine their alternatives portfolios,” Ms Treneer said, “and we felt that this was something we could do more effectively outside of ADIA.”
She declined to name others outside of ADIA who will be joining the new company because the plans haven't yet been finalized.
Ms. Treneer was senior portfolio manager within ADIA's alternative investment department for five years, running hedge funds, commodities and absolute return strategies, she said. Information about Ms. Treneer's replacement was not available at press time.
ADIA is one of the world's largest sovereign wealth funds with an estimated $627 billion in assets, according to the Sovereign Wealth Fund Institute.
