Pardus Adds UBS Prime Brokerage Vet As Risk Chief

Aug 9 2010 | 11:19am ET

Hedge Fund Pardus Capital Management has named Ali Mostafavee to bolster its risk-management efforts.

Mostafavee joins the firm from UBS’s prime brokerage, where he was a director. As head of portfolio risk, he will oversee New York-based Pardus’ risk exposure and hedging activities. He will also serve on the firm’s investment committee.

“We are pleased to welcome Ali to Pardus as we fill this important role and continue to add senior talent to the firm,” said Karim Samii, president of the firm. “As we evaluate investment opportunities throughout Europe, Ali’s expertise will be critical given the inherent volatility associated with sovereign debt concerns and the uncertainty of corporate and broader economic recovery.”

At UBS, Mostafavee focused on credit, distressed, emerging markets, equity long/short and merger arbitrage hedge funds. He is a former director of risk analysis at Tribeca Global Management, the former Citigroup hedge fund unit, and previously worked at Franklin Templeton Alternative Strategies.

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