Hedge Funds

Galleon, Karsch alums start risk consulting firm

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Two former colleagues from Goldman Sachs’s fund of funds group, who later separately took posts at Galleon Group and Karsch Capital Management, have set up a risk management consulting business.

Peter Ort and Seb Calabro, who had worked together in the hedge fund strategies group at Goldman Sachs before moving on to other firms, are opening a hedge fund risk advisory firm in Princeton, N.J. CurAlea Associates will advise hedge funds on everything pertaining to their risk management process.

The firm is targeting hedge funds with $1 billion to $5 billion in assets. Curalea will charge a monthly retainer fee which will depend on the complexity of the portfolio and the scope of work.

Ort was most recently head of business strategy at Karsh Capital Management, from which he