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ING Expands Fund-of-Funds With New Hire


Date: Tuesday, April 8, 2008
Author: HFN Daily Report

ING Investment Management, (ING-IM) the asset manager arm of Dutch bank ING, has hired a new co-head for its fund-of-funds division as it continues to expand that business.

William Bonde joins Harold Yoon as co-head of ING-IMâ€â„¢s fund-of-funds business. Before coming to ING, Bonde was with Commerzbank Capital Markets where he was co-head of Alternative Investment Strategies in its New York office.

ING-IM offers a variety of multi-strategy, diversified fund-of-funds products, including strategies specializing in emerging managers and Asia Pacific managers.

ING-IM has over $500 billion in assets under management in 33 countries. In the Americas, ING-IM manages over $224 billion, with offices in the United States, Canada and Latin America.