Tullett Prebon Jumps Into Hedge Fundraising

May 14 2010 | 1:49am ET

A year after setting up an alternative investments desk to cover the secondary hedge fund sales market, Tullett Prebon is going primary.

The interdealer broker plans to begin fundraising for hedge funds and private equity funds, hiring Axiom Alternative Fund’s Gahtan Vahidy to head the new venture. Tullett said it aims to “attract blue chip clients to its brand.”

“Following a very active first year of trading we are now very excited about broadening our business and leveraging our network further to support funds in their asset-raising activities,” Neil Campbell, head of Tullett’s alternatives desk, said.

Campbell and Vahidy worked together at Axiom, a fund of hedge funds. Vahidy is also a former strategy consultant at PricewaterhouseCoopers.

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