Thursday, 26 November 2015
Last updated 18 hours ago
Jul 11 2012 | 1:11pm ET
It seems the CEO Paul Touradji hired six months ago wasn't quite as "world-class" as he imagined.
Touradji Capital Management has parted ways with Peter Borish, who was named CEO of the commodities hedge fund in January. A spokesman for New York-based Touradji explained to Bloomberg News that Borish "was originally on a six-month contract and had a CEO role focused on marketing."
Touradji broke the news to clients in a June 28 letter. He said that the firm had decided to focus on building the business rather than on marketing.
"We appreciate the ability to keeping our focus unwavering and clear," he wrote. "So we will not be picking up Peter Borish's contract for the second half of the season, and he will become a free agent again."
Borish, a former head of research at Tudor Investment Corp., is the fifth top executive to leave Touradji in the last 18 months. His hire followed the exit in September of CFO Tom Dwan and President Sang Lee. At that time, Touradji pledged to hire a "world-class" management team to allow him to focus on managing money.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…