Hedge Funds

Vega taps BlackRock's Sobti to launch new US fund


Vega Asset Management announced it has hired Rajiv Sobti, most recently of BlackRock Financial Management, as head of trading for North America, a new position. Sobti may also manage his own fund, which is expected to launch in the third quarter.

Sobti's arrival is a huge gain for Vega as he was a senior member of the Investment Strategy Group and co-head of the fixed income group at BlackRock, where he oversaw more than $60 billion of mortgage-backed securities and maintained primary responsibility for overseeing core bond accounts.

Before his six-year stint at BlackRock, Sobti was a managing director and