Sailfish Co-Founder Joins Markit

Nov 21 2008 | 1:05am ET

Sal Naro, co-founder of now-defunct Sailfish Capital Partners, has resurfaced as global co-head of equities, commodities and risk management at Markit, a financial information services company.

Naro will be based in Markit’s New York office. His former shop, a multi-billion dollar fixed-income hedge fund, blew up earlier this year with the two partners of the Stamford, Conn.-based hedge fund—Mark Fishman and Naro—reportedly getting into a shouting match during the fund’s final days, ordering traders to liquidate all of the fund’s positions.

“I have worked closely with Markit for many years and have great admiration for the firm’s success in bringing transparency and efficiency to the over-the-counter markets,” said Naro. “I consider Markit to be the firm of choice in the financial information services arena and I look forward to being part of its drive to improve infrastructure in the global OTC markets.”

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