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

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

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

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

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.