Hedge Funds

Dasgupta heads OTA multi-strategy venture

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OTA Asset Management recently added a multi-strategy fund to its menu of hedge fund strategies. The Purchase, N.Y.-based firm, which runs multiple arbitrage strategies, seeded the new fund with $80 million and is planning to open it to outside investors in October.

The fund, OTA Multi-Strategy Investments, will be managed by a group of fixed-income veterans who recently joined OTA. Sanjay Dasgupta, James Prusko, Tom Rutlidge and Sara Zervos make up the multi-strategy team. Prusko was formerly the head of high-grade credit at Putnam Investments, Rutlidge was a capital structure arbitrage trader at Boldwater and Zervos was formerly