Hedge Funds

Alexandra duo exit after CV 'lies'

by

Two employees of Alexandra Investment Management, a $1.5 billion convertible arbitrage and relative value hedge fund headquartered in New York, have left the firm after a New York Post article revealed they had lied about their backgrounds.

Slava Volman, the firm's head of private placements, was fired following his arrest by federal prosecutors in Brooklyn for illegally pumping up stocks on an Internet message board. Volman had been put on administrative leave several weeks before his termination. Andrew Pernambuco, the firm's well-regarded head of business development, resigned this week from Alexandra following an internal review by the board, according