Lakeview Investment Manager, an activist fund of hedge funds, has appointed Tony Lissuzzo as portfolio manager of the Lakeview Opportunity Funds.

In this new role, Lissuzzo is responsible for portfolio management as well as manager due diligence.

Based in Chicago, he reports to Richard Elden, managing partner of the Lakeview funds and founder of Grosvenor Capital Management.

Lakeview allocates approximately USD300m to event-driven hedge funds.

"Tony's 19 years of experience both as an investor and asset allocator make him uniquely qualified to evaluate managers, monitor investments, and construct a well-balanced portfolio," says Elden.

Lissuzzo has been involved in multi-manager investments and portfolio management for nearly two decades, most recently as head of new investments at Man Group. He began his career at D.E. Shaw and later held positions with Bank One, Sirius Partners, and Glenwood Capital, joining Man following the integration of Glenwood into Man.

"I am pleased to join Lakeview," says Lissuzzo. "The portfolio of the best eight to 15 activist value investors in the world allows for diversification without resorting to second-tier managers."

Frank C. Meyer, who founded Glenwood, continues as an investment consultant to Lakeview and has agreed to serve on the investment committee.