Hedge Fund 1798 Adds Dillon Read Vets

May 13 2008 | 11:37am ET

1798 Global Partners, the new hedge fund founded by Swiss private bank Lombard Odier Darier Hentsch, is mining the ranks of Dillon Read Capital Management veterans to fill out its executive suite.

1798, seeded with US$350 million by its parent, is led by CEO Hubert Keller and former Dillon Read global head of equities Aziz Nahas, who is chief investment officer at 1798. Nahas has hired four of his former colleagues at Dillon Read, which saw parent UBS pull the plug a year ago after hundreds of millions in losses.

Oleg Rakov will manage a U.S. financial services hedge fund in his new post, with Lewis Katz also joining 1798 as head trader, Damian Dwan as chief operating officer and Don Kucera as technology chief.

Nahas and his foursome are not the only Dillon Read veterans getting off the mat. Mike Hutchins, the former CIO at Dillon Read, is preparing his own hedge fund shop, which reportedly employs 15 Dillon Read veterans.


Dillon Read CIO Prepping Hedge Fund
Swiss Private Bank Opens Hedge Fund To Outside

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…