Touradji Hires CEO, Top Trading Deputy

Jan 11 2012 | 11:27am ET

Paul Touradji has found the "world-class" management team he's been seeking since last year to run the day-to-day affairs of his commodities hedge fund.

Touradji Capital Management named Peter Borish CEO and Mark Friedman director of trading and operations. The moves follow the exits last year of CFO Tom Dwan and Sang Lee, president and chief operating officer, and will allow Touradji himself to return to full-time trading.

Touradji's flagship lost 14% last year, The Wall Street Journal reports, and assets under management fell from $1.6 billion to $1 billion after Touradji gave clients an early redemption opportunity in September.

Borish is a former head of research at Tudor Investment Corp., and Friedman a co-founder of AM Investment Partners. Friedman will serve as Touradji's top deputy; the two men have worked together before.

Touradji is also preparing another move—literally. The seven-year-old firm is preparing to leave its home in Midtown Manhattan, which it shares with other hedge funds founded by Tiger Management alumni, to new digs in the city's financial district.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Sponsored Content

Editor's Note