Evanston Capital Management hires new VP

Investment firm Evanston Capital Management has named Dr. Peter Hecht vice president, senior investment strategist. The appointment became effective September 3, 2013. Previously, Hecht worked as a a senior investment strategist at Allstate Investments.

PRESS RELEASE

EVANSTON, Ill.–(BUSINESS WIRE)–Evanston Capital Management, LLC (“ECM”), an institutional hedge fund of funds manager, is pleased to announce the addition of Peter Hecht, Ph.D., as Vice President, Senior Investment Strategist, effective September 3, 2013. In this newly created role, Hecht will lead ECM’s efforts to produce topical investment research and will work collaboratively with ECM’s investors and their advisers to provide insight about how they can structure their portfolios to best meet their goals and objectives.
“Investors are continually evolving their use of alternative investment strategies and are looking to ECM for guidance about general investment issues and solutions to address their specific needs,” said ECM’s CEO & CIO Adam Blitz. “With Pete’s combination of academic credentials and practical experience, we expect he will be a great resource for our investors on a wide range of investment topics.”
“I am very pleased to join the talented professionals at ECM, which prides itself on a culture of teamwork, creativity and integrity,” said Hecht. “ECM is committed to providing valuable research and investment advice to its clients and I look forward to playing a valuable role in that effort.”
Prior to joining ECM, Hecht was a Senior Investment Strategist at Allstate Investments (“Allstate”) for the past eight years. At Allstate, he focused primarily on portfolio strategy and the management of Allstate’s Property & Casualty and Pension portfolios, which included both alternative and traditional investments. Prior to joining Allstate, Hecht was an Assistant Professor of Finance at Harvard Business School for five years. He earned his Ph.D. and MBA in Finance from The University of Chicago, and his B.A. in Economics and Engineering Sciences from Dartmouth College.
About ECM
Formed in 2002, ECM is a privately held investment adviser focused exclusively on managing multi-manager hedge fund programs for both institutional and high net worth investors. ECM manages a variety of strategies emphasizing more concentrated portfolios featuring managers in which ECM maintains high conviction. ECM manages commingled funds and offers customized solutions for investors looking to tailor their hedge fund program. The vast majority of ECM’s investors are institutional, including endowments, foundations, hospitals, corporations, and public and Taft-Hartley pension plans. ECM has over 300 institutional investor relationships and $4.6 billion in assets under management.