Touradji Appoints New President

Oct 20 2010 | 2:44am ET

Commodity hedge fund Touradji Capital Management has a new president. The $2.5 billion New York firm named Sang Lee to the post; current CEO Gil Caffray will move into the role of special adviser.

Before joining Touradji, Lee was chief operating officer at Duma Capital Partners and Claiborne Capital Management. His arrival signals the end of Caffray's brief career atop the firm; Caffray joined Touradji just last year from FrontPoint Partners.

Under the hedge fund's new structure, Lee will oversee day-to-day management of the firm while Caffray will focus on overall strategy, reports.

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