Greycourt appoints former Northern executive; plans to double number of MDs. Pittsburgh-based Greycourt & Co. has hired hedge-fund pioneer Margaret Towle as a managing director in its Portland, Ore., office. She works with the multifamily office's clients to create broad-strokes investment strategies, with a particular emphasis on alternative investments.

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Before she joined Greycourt, Towle was a managing partner of Plano, Texas-based Mcube Investment Technologies, a provider of decision-support products to institutional investment managers. Prior to that, she was CIO of Northern Trust's Global Advisors investment-management business, where, in addition to overseeing the firm's asset allocation, she was responsible for launching the unit's alternative-investment business. Earlier in her career, she was CEO and CIO of Puget Sound Asset Management, a hedge fund that went out of business in 2000.

Greycourt hopes to double its roster of managing directors -- now 10 strong -- by 2014; a push that could result in it its establishing an office in New York.

In addition to Pittsburgh and Portland, Greycourt has offices in Charlotte, N.C., and Houston, Texas. The firm has $3.7 billion in assets under management, according to its most recent filing with the SEC, and close to $9 billion in total assets under supervision. -FWR

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