Hedge Funds

Alex von Furstenberg’s Arrow Capital creates COO role

by

The $475 million event-driven shop is hoping to reach $1 billion within a few years.

Arrow Capital Management, the $475 million event-driven hedge fund founded by Alex von Furstenberg, has appointed senior analyst John DeRaimo to the new role of chief operating officer, a position intended to further institutionalize the firm as it seeks to manage more than $1 billion in assets within the next few years. “It’s natural to have this role,” said Mal Serure, co-managing member. “You always want to have your infrastructure ahead of asset growth.”

DeRaimo has been with Arrow since 2008, having worked as a senior analyst for the past two years. From 2004 through 2007, he worked