Ospraie Names General Counsel, Close To Replacing Risk Officer

Jul 21 2006 | 5:33pm ET

Ospraie Management has hired Michael Fischer as general counsel at the firm, a position that was previously been held by Eric Vincent, who has been wearing many hats at the New York-based hedge fund. Vincent will continue to serve as president.
Fischer joins the firm from Sandell Asset Management Corp., the investment adviser to Castlerigg Master Investments, a $4 billion event driven hedge fund.

According to a source close to the firm, Ospraie is also close to hiring a risk management officer replace Tristan Kim, who departed the post last month. In addition to the departure of Kim, the firm has also recently liquidated one of its funds, though the source said that two-thirds of the investors who had their money in that vehicle moved their investments into the firm's other hedge fund offering.

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