Thursday, 26 November 2015
Last updated 12 hours ago
Feb 14 2014 | 8:03am ET
Rather than strike out on his own, former Ziff Brothers Investments trader Parag Pande has joined one of the largest alternative investment firms in the world.
Pande became head of research at the Blackstone Group's fund of hedge funds business this week. The post at Blackstone Alternative Asset Management, the world's largest hedge fund investor, is new, and will see Pande evaluate hedge funds and seek out emerging managers for Blackstone's seeding funds.
Pande was an industrials trader at Ziff Brothers' U.S. hedge fund operation. The family office, which seeded Och-Ziff Capital Management 20 years ago, decided to shut down that business last year. Pande was among a large number of Ziff Brothers veterans expected to launch his own hedge fund following that move.
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…