The firm says down market affords opportunities to ramp up for the long run. Philadelphia-based asset- and wealth-management firm Glenmede has hired former Brooklyn
NY Holdings investment manager Benjamin Alimansky to oversee hedge
funds and opportunistic investment strategies within its Manager Alliances
Program (MAP). He reports to Glemede's
CIO Gordon Fowler.

"As many other financial organizations downsize in today's difficult
environment, we believe that this is an opportune time to augment our investment
team with exceptionally talented individuals like Ben," says Fowler.

Diligence

Glenmede's MAP evaluates and monitors external managers and non-proprietary
investment products that it employs on its clients' behalf conjunction with
in-house products "to expand the spectrum of Glenmede's offerings," according to
a blurb on Glenmede's website.

Kenneth Trippe oversees Glenmede's proprietary alternative-investment
platform, which includes the firm's private-equity and real-estate strategies.
Trippe joined Glenmede from AXA
Financial in mid 2007.

Before managing assets for Brooklyn NY Holdings, which represents the
investment and philanthropic interests of the late Alfred Lerner family,
Alimansky managed alternative and traditional investments for Olympia Capital
Management, Deutsche
Bank's DB
Advisors and Goldman
Sachs.

"Ben has managed hedge funds and opportunistic investment strategies for
major global organizations and has the analytical and risk management expertise
to help our clients benefit from the return opportunities and heightened
portfolio diversification that hedge funds can provide," says Fowler.

Glenmede was founded in 1956 by four of the children of J.N. Pew, founder of
Sun Oil (Sunoco these days), to act as a
fiduciary for the Pew Charitable
Trusts. It now supervises nearly $16
billion in private and institutional assets. In addition to its headquarters in
Philadelphia, it has offices in Morristown, N.J., Princeton, N.J., Wilmington,
Del., and Beachwood, Ohio. -FWR

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