Fundsters who read the Financial Times will see a new reporter penning fund news come February 1. A spokeswoman for Pearson (the FT's parent) confirmed that Mara Der Hovanesian, who previously spent almost a decade at BusinessWeek, is coming on board the Financial Times as the U.S. fund management correspondent, succeeding Deborah Brewster.

While Hovanesian will predominantly focus on the hedge fund industry, she will also cover mutual funds and pension funds. She will report to Francesco Guerra, US finance and business editor. The Pearson spokeswoman confirmed that Hovanesian "will not be contributing to Ignites or other FT-owned trade publications."

At BusinessWeek, which she joined in May 2000, Hovanesian held several senior editorial roles including Markets and Investments editor and Banking and Finance editor. Prior to BusinessWeek, Hovanesian's 15-plus career reporting on business news included covering Wall Street and the money management industry for Dow Jones and the Knight-Ridder newspaper group. 

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