Prasad's Silver Ridge Asset Management Hires Three New Portfolio Managers

Apr 7 2017 | 9:46pm ET

Anil Prasad’s London-based hedge fund Silver Ridge Asset Management has appointed Elias Sakkal, Jay Rawal and Jay Parshottam as portfolio managers. 

Sakkal and Rawal will work out of the company’s New York office and focus on Latin America, according to a Reuters article citing an unidentified individual close to the firm, while Parshottam will be based in London and concentrate on global credit. 

Previously, Sakkal was a portfolio manager and Rawal a trader for former JP Morgan executive Nicolas Rohatyn’s emerging-market hedge fund The Rohatyn Group. 

Parshottam, who reportedly joined Silver Ridge in January, was beforehand a managing director in Citi’s London-based emerging market credit trading division until June 2016. 

Prasad was Citigroup's global head of foreign exchange until leaving to found Silver Ridge with former Sciens Capital Management CIO Farhang Mehregani in April 2015. 

The macro fund, which raised nearly $300 million prior to launch and began trading in early 2016, has gained 5% so far this year through March 31, according to documents cited by Reuters.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.