Media Coverage

"Central Park Group, which advises smaller institutional investors on hedge fund investments, has appointed James Hawkes, the former chairman and chief executive officer of money manager Eaton Vance Corp. as a board member."

"I am particularly excited about the role of Central Park Group in providing investor access to institutional quality alternative investment offerings," said Hawkes. Central Park Group serves as a resource for investors and advisors to identify, conduct due diligence and access offerings by leading hedge fund, private equity, real estate and fund-of-funds managers."

"Mr. Hawkes joins Kenneth C. Whitney, senior managing director at The Blackstone Group; Steven Guterman, senior managing director and head of business development at AIG Investments and vice president at American International Group Inc.; Greg Brousseau co-CEO and co-chief investment officer at Central Park Group; and Mitchell Tanzman, co-CEO and co-CIO at Central Park Group LLC on the board."

"Hawkes lands in Central Park"

"Central Park Group, LLC operates as an investment advisory company. It specializes in alternative investment strategies. The company offers investments managed by private equity, hedge fund, real estate, and fund-of-funds sponsors. It also provides various investment offerings for institutions and qualified private client investors. The company distributes offerings through U.S. brokerage firms, private banks, financial planning firms, and family offices. Central Park Group, LLC is based in New York, New York."

"Founded by Greg Brousseau and Mitchell Tanzman, former co-heads of the UBS Alternative Investment Group, Central Park Group is an independent investment advisory firm that offers due diligence and access to hedge fund and fund of funds talent to private client and smaller institutional investor clients."

"Central Park Group was founded in 2006 by Brousseau and Mitchell Tanzman, co-founder and former heads of the UBS and Oppenheimer alternative investment business. The firm aggregates investments from high net worth individuals and smaller institutions in order to provide access to hedge funds, real estate funds, private equity funds and hybrid offerings."

"New York-based Central Park was founded by Brousseau and Tanzman, co-founders and former co-heads of the UBS and Oppenheimer alternative investment businesses, to meet growing demand for alternative investments among high net worth and smaller institutional investors. The firm distributes offerings through US brokerage firms, private banks, investment advisors, financial planning firms and family offices. Its record of innovative fund structures includes registered funds of hedge funds, registered single manager hedge funds, a private equity feeder fund with co-investment rights and a healthcare public/private crossover fund."

"Two former alternative specialists from UBS are trying to bring some of the biggest names in alternative investments to the smaller investors' doorstep. Greg Brousseau and Mitchell Tanzman, former heads of UBS Financial Services' Alternative Investment Group, have launched Central Park Group, a firm providing alternative investment vehicles to high-net-worth individuals and small institutions.

'Given their backgrounds in the industry, I think they'll be able to establish solid relationships' with alternative managers, says Bryan Decker, the director of alternatives research for the consulting firm Evaluation Associates. 'They're talking to names that are very big in the industry with dominant institutional funds.'"

"While many of the larger full service brokerage firms have established alternative investment departments and begun to develop some products, there is significant need for an independent firm that can source, due diligence, market, structure, and back-office these products. Central Park Group intends to fill that need.

As opposed to the mutual fund industry's efforts to conjure up "hedge fund-like" products that seek to replicate non-correlated absolute return strategies, CPG's potential value to advisors is their ability to provide access to established best-of-breed alternative managers with desirable track records."

"Central Park Group is believed to be the first independent firm in the US to develop best-of-breed alternative investment offerings and distribute them through various wholesale channels such as brokerage and insurance firms, private banks, financial planning firms and family offices."

"Working via their New York-based Central Park Group, Mitchell A. Tanzman and Gregory Brousseau intend to offer a suite of ready-made and customized multi-manager products that would invest in hedge funds, private equity funds and real estate vehicles. The firm can also customize single-manager hedge fund products in conjunction with outside operators."

"Dubbed Central Park Group and based in New York, the new shop will create alternative investment products for small institutions and private clients, said Mr. Brousseau in an interview. 'It could be our own fund of funds; it could be someone else's fund of funds; it could be an institutional product with high minimum investments restructured for private client distribution; or it could be a private equity fund that is institutional and that we would restructure to make it wealthy-client-friendly' Mr. Brousseau said. The firm will provide access to managers across all the alternative investment classes, including hedge funds, real estate and private equity."

"That puts Tanzman and Brousseau in the same business as an operation they ran at UBS until 2005. But the new independent entity takes a somewhat different marketing approach, as their old group could only pitch its products through UBS' own retail brokers. Central Park, meanwhile plans to market its instruments mainly to regional and boutique brokerages, along with independent financial advisors, banks and trust companies, who in turn would offer them to their individual-investor clients."