Touradji Parts Ways With CEO After Just Six Months

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.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

The yield curve and stock market response

Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.