Saturday, 28 March 2015
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…