Tuesday, 30 August 2016
Last updated 8 hours ago
Jan 26 2010 | 11:17am ET
A hedge fund best known for its founders’ nasty legal battle with Touradji Capital Management is making some slightly less combative news.
Vollero Beach Capital Partners has added a pair of professionals, including veterans of Duff Capital Management and Touradji. Anson Beard has been named the firm’s first president, while Miko Sibila has joined the firm as a senior analyst covering the upstream energy industry, HedgeFund.net reports.
As president, Beard will take the lead on all non-investment activities at the commodities hedge fund, leaving those to firm founders Robert Vollero and Gentry Beach. Beach joins from Duff Capital Management, the hedge fund set up by FrontPoint Partners founder Phillip Duff that closed last year. He also spent time at BlackRock, Tiger Management and Donaldson Lufkin & Jenrette.
Sibila joins from Touradji, where he was an analyst and where his new bosses once worked. Vollero and Beach have sued the famed commodities hedge fund shop, alleging that the firm withheld more than $50 million in bonuses. Touradji has countersued, alleging that the two former employees were “responsible for the destruction of millions of dollars of investor capital.”