Saturday, 30 August 2014
Last updated 1 day ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...