AR also revisits AQR’s quest for cash from the Pacific Northwest.
One year ago
»» Paul Touradji told clients he was reorganizing his firm to spend more time investing and less time managing operations. “Simply put, the daily operation of the firm must go from being a major time and energy drain on me to an integral support function for our entire team,” he wrote.
Three months later, stung by a 14% loss in 2011 and a major asset drop that pushed the firm off AR’s Billion Dollar Club rankings, Touradji announced he was hiring Tudor Investment Corporation veteran Peter Borish as CEO in a role