EIM Investments Co-Head To Element Capital

Sep 10 2012 | 12:05pm ET

Troubled fund of hedge funds firm EIM has lost its co-head of investments to another hedge fund.

Adam Prestandrea was also director of research at Swiss-based EIM; Prestandrea worked out of its New York office. He has agreed to join Element Capital Management, a New York-based fixed-income hedge fund.

"He decided to switch to the other side of the business, and we support him in that decision," EIM spokesman Davidson Goldin said of Prestandrea.

Prestandrea spent eight years at EIM, including the last as co-head of investments. EIM, like much of the fund of funds industry, has been on the rocks lately, losing two-thirds of its assets over the past four years. Founder Arpad Busson said this summer that he is considering a merger for the firm, although it is not thought that plans for such a move are far along.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note