Israel’s Omnium Capital Taps New Biz Development Head

Jan 31 2011 | 10:11am ET

Omnium, Israel’s first global hedge fund, has hired former trader Yoni Wagschal as director of business development.

Omnium, not to be confused with the similarly named Citadel Investment Group hedge fund administration business, was founded in October 2009 by COO Etan Silver and Portfolio Manager Ezra Gardner. The two had run the strategy for five years at UBS.

“We believe now is the right time to start focusing on growing the size of our fund,” said Silver. “We are excited about the opportunities ahead as we continue implementing our unique market neutral, long short global equity strategy.”

Wagschal who, prior to his trading career was COO of a healthcare company, said: “It feels great to be back out there in front of clients and building relationships. Omnium has the perfect mix of integrity, experience and the close knit feel of a family business.”

Omnium Capital Management has domestic and international funds that pool their assets in a single master fund, Omnium Funds. Fund directors said then they aimed to raise $750 million for the vehicle.

 


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