Penny is European Head of Diversifying Alternatives Research, a unit within Mercer Investments. Based in London, she leads a team covering research across a broad range of hedge fund and other diversifying strategies in Europe. Penny has over 25 years of experience within the investment industry with over 20 of these focussed on hedge fund investing covering all strategies and geographies. She joined Mercer in 2017.
Prior to joining Mercer, Penny was a Partner and Investment Manager at FQS, an alternative investment specialist using proprietary mathematical techniques for global hedge fund manager selection and portfolio management. Before joining FQS in 2009, she was Head of Research at International Asset Management, a European fund of hedge funds. She has also spent time in primary hedge funds both on the investment and operational sides, as well as serving as a Non-Executive Director. She started out at Cazenove Fund Management on the Emerging Market Equities team, having begun her career at Deloittes in London, where she qualified as an accountant.
Penny has a Master of Arts (MA) in Modern History from Christ Church, Oxford. She is a Chartered Accountant (ACA), holds the Investment Management Certificate (IMC) and is a Chartered Manager, at the Certified Management Institute (‘CMI’).