AbCap Adds Risk Management Chief, Portfolio Adviser

Jun 10 2008 | 2:00am ET

Troubled hedge fund shop Absolute Capital Management has made its first major hires since the firm went into a tailspin following the abrupt resignation of its founder in September.

Daniel Bieri will head AbCap’s risk management, while Athanasios Ladopoulos joins the firm as a portfolio adviser. Bieri most recently worked at Swiss Life Asset Management, while Ladapoulos worked at London hedge fund Kinetic Special.

AbCap shares plummeted and investors raced for the doors after co-founder Florian Homm, who had invested much of the firm’s assets in illiquid pink sheets, resigned last year. The firm blocked redemptions and pushed through a fund reorganization to keep itself afloat, and bid farewell to the managers of its German fund.

Last month, it proposed a plan to demerge from Argo Capital Management, the emerging markets credit shop it acquired in January 2007.


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