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Mark Barker, Greg Knott leave PAI's fund of hedge funds division12/09/2008. Source: AltAssets. 
 Pioneer Alternative Investments has confirmed that there have been a number of resignations from the funds of hedge funds division in the London and New York City offices. The group made up of nine people includes two senior members of the investment team, Mark Barker and Greg Knott.
The fund of hedge funds division was formed following the acquisition of the Momentum Group six years ago.
'There is no impact on the investment portfolios as it is in the nature of the way PAI manages FOHF strategies that long-term strategic positions are taken in the underlying managers and funds. The departure of several people from such a large investment team does not compromise the investment activity and PAI is confident that the contingency plans and the strength and depth of assembled talent is more than adequate to carry out day-to-day responsibilities,' the firm said in a statement.
PAI is the alternative investment management arm of Pioneer Investments.
Copyright © 2008 AltAssets
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