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Pacific Alternative Asset unveils long-only equities solutions biz line

Pacific Alternative Asset Management Co. LLC has formed PAAMCO Select, which will provide solutions for long-only equity strategies to institutional investors.

The business line will invest in long-only equities portfolios run by alternative managers with established track records.

Carrie McCabe was appointed chief investment officer of PAAMCO Select. She will remain managing director responsible for global strategy at Pacific Alternative Asset Management.