Wednesday, 1 October 2014
Last updated 1 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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