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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    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…