Saturday, 18 April 2015
Last updated 11 hours ago
Jun 11 2010 | 11:38am ET
James Caird Asset Management is showing that a revolving door can go two ways.
The London-based hedge fund, buffeted by five departures in the last two months, has hired a pair of traders to boost its flagship JCAM Global Fund. Alireza Satrap and David Rule will trade global macro strategies at the US$2.4 billion fund, Financial News reports.
Both men join from struggling hedge fund London Diversified Fund Management, which they joined in 2005. Satrap, who joined London Diversified after a stint as head of foreign exchange and interest rates at Commerzbank Securities, left the firm in February. Rule quit last August.
It is believed that at least one of the James Caird exits—that of former European credit chief Iftikhar Ali after just nine months at the firm—was due to his unhappiness with the firm’s compensation policy, which is discretionary rather than performance-based. Ali joined Millennium Management’s London office.
The four others leaving the firm were credit trader Gopi Karunakaran, who is to join Tricadia Capital, treasurer Matthew Coleman, who went to Warwick Capital Partners, high-yield chief Askin Aziz and equity trader Benjamin Bouillou.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…