Perella Firm Names Hedge Fund Chief

Oct 23 2006 | 3:44pm ET

Perella Weinberg Partners, the investment banking boutique founded by former buyout kingpin Joseph Perella, has named Rod Parsley to head its nascent hedge fund unit, Financial News reports.
Parsley joins the New York firm from alternatives firm Terrapin Asset Management, where he managed a $50 million water fund.

The hire comes amid rumors that Perella Weinberg is looking into acquiring several hedge funds. Last week, reports had it exploring the purchase of Gabriel Capital Management.

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