Amber prop traders plan roll-out


Amber Fund, the New York-based equity arbitrage group headed by Joseph Oughourlian, has opened to new investment for the first time since its inception in 1999 when the team spun out of the Société Générale proprietary trading business to run their own operation.

Since then, the team has been managing $400 million of assets with most of the money coming from the French bank's U.S. operation.

Other than Oughourlian, the team comprises head trader Mike Baradas and a team of five analysts including Robert Lynch, Stefan Dittmar, Dzovig Keledjian, Ted Kim and Breogan Vazquez. The multi-strategy fund includes a blend