Toscafund Vice Chair Quits

Jan 12 2012 | 5:08am ET

Mehmet Dalman, the vice chairman of Toscafund Asset Management, has left the hedge fund.

Dalman, who was a partner of the firm and who formerly led Commerzbank’s investment bank, quit to focus on his other jobs and interests. The WMG Advisors founder told Reuters that he wanted to “concentrate on other things I want to do.”

“I feel I have done my work for Tosca,” he said. “2008, 2009, 2010 were important years, and I think we did that well. The company is in pretty good shape; it doesn’t need a vice chairman.”

Dalman is a board member at Kazakh mining company ENRC, where he was involved in a nasty corporate governance fight last year. “His commitments with ENRC and interests in China have grown considerably,” Tosca chief economist Savvas Savouri told Reuters.

Dalman will remain involved with Tosca’s property and photography fine art funds.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note