Hedge Funds

Vega taps BlackRock's Sobti for new US fund

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13 April 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 $60 billion of mortgage-backed securities and maintained primary responsibility for overseeing core bond accounts.