Fort Worth’s Crestline Summit Names New COO

Brian Peller will oversee Crestline Summit's middle and back-office operations, legal and compliance, accounting, and technology functions for the division of Crestline Investors Inc.

Brian Peller has been appointed as chief operating officer of Fort Worth-based Crestline Summit, a multi-strategy hedge fund division of Crestline Investors Inc.

In this role, Peller will oversee middle and back-office operations, legal and compliance, accounting, and technology functions for the division.

Peller most recently was COO of Alliance Bernstein’s Multi-Asset Solutions business for five years. Before that, he was COO at Hutchin Hill’s QuantOne Group, COO for Market Making, and head of business management at Virtu Financial Knight Capital.

“We believe Brian’s expertise across asset classes and prior leadership experience will be invaluable given the momentum of the business and our commitment to continuing to deliver attractive, high-quality returns to our investors,” Caroline Cooley, chief investment officer and managing partner at Crestline Summit, said in a statement. “Brian’s addition to the team illustrates Summit’s dedication to continuing to evolve with markets and to the opportunistic hiring of top portfolio management talent, which has been a key tenet to our success since inception.”

The firm said that in conjunction with Peller’s hiring, Melinda Lilly, who joined Crestline Summit in 2015 and acted as chief operating officer over recent years, will assume the newly created position of chief administrative officer and work closely with Peller.

Previously, Lilly was the director of operations at Paradigm Advisors, where she had responsibilities including compliance, research, operations, and investor relations. “We are grateful for Melinda’s invaluable contributions to Summit and look forward to her continued efforts in managing the Summit platform and people in her new role,” said Neilson Arbour, Deputy Chief Investment Officer.

The company said that Peller will be based at its New York City office and regularly spend time in Summit’s Fort Worth headquarters. Lilly will continue to be based in Fort Worth.

Founded in 1997, Crestline Investors is an institutional alternative investment firm with over $18 billion in assets under management.

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