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.

RELATED STORIES

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


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note