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.

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