Thursday, 30 July 2015
Last updated 3 hours ago
Nov 2 2010 | 2:40am ET
After just three months, hedge fund manager Ravi Sood has left Aston Hill Financial.
Sood, who in January orchestrated the merger of Lawrence Asset Management, for which he managed funds, and his own hedge fund, Navina Asset Management, sold the latter to Aston Hill in August for C$4.2 million. Now, however, he has left the firm to "pursue other interests."
"We had bought Navina with Ravi onboard, but he has left," Aston Hill CFO Larry Titley told the Globe and Mail. "He has just moved on. We are happy to build up our portfolio managers internally."
That statement is in stark contrast to the one made by Aston Hill this summer, when it said "the primary benefits of the [Navina] acquisition to Aston Hill include the addition of Mr. Sood's unique talents."
Aston Hill said that Jeffrey Burchell would take over management of Sood's funds. He will join the firm later this month from Polar Securities.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…