Stung by double-digit performance losses and a rapidly
shrinking asset base, Tiger cub Paul Touradji’s
commodities fund unveiled a slew of changes today in a letter
to investors obtained by AR (full text below).
Peter Borish, a Tudor Investment Corporation veteran who
most recently served as head of Computer Trading Corporation,
has joined as chief executive officer, according to the letter.
Mark Friedman, a co-founder of hedge fund AM Investment
Partners, has joined as the new director of trading and
operations. Friedman will be bringing over additional employees
from AM Investment Partners to work with him at Touradji in the
coming months, the letter said.
In addition, former Sursum Capital Management executive
Daniel Dwyer will be starting in the next few weeks as general
counsel and chief compliance officer, according to a person
familiar with the move. Dwyer and the rest of the team will
work out of 1...