Saturday, 27 August 2016
Last updated 6 hours ago
Oct 25 2011 | 6:51am ET
Hedge fund Olympian Capital Management has hired a new chief investment officer, Arun Kaul.
Kaul is charged with helping the Ft. Lauderdale, Fla., firm expand into new strategies. The firm hopes to add a global macro multi-asset strategy to its lineup, focusing on currencies, stocks, fixed-income and commodity futures.
"We've tried to bring some of the sophistication of the tools from a hedge fund to the private client," Kaul told Advanced Trading of the new strategy, which will be offered as a separate accounts product. "A lot of investment firms offer a model portfolio, which is a broad model that has fewer asset classes."
Kaul joined Olympian last month from Hillsdale Investment Management, the Canadian boutique he co-founded. With Kaul on board, Olympian founder Michael Levas will focus more on trading.
"I thought it was in the best interest of the firm to have him as the CIO so that I could focus on trading and various aspects of business development and the direction of where the firm wanted to go," Levas told AT.