Hedge Funds

Touradji returns to Tiger to begin trading new fund

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Paul Touradji, a Tiger cub and founder of Catequil Asset Management, has opened a new venture with the backing of Julian Robertson's Tiger Management.

Touradji Global Resources began trading last month and has already garnered commitments for $1 billion, the maximum Touradji and his new firm -Touradji Capital Management - intend to accept.

Touradji and his former partner Robert Ellis, also a former Tiger money manager, only dissolved Catequil late last year. The abrupt closure followed a highly successful four-year run that ended after an exchange of vitriolic lawsuits between the two managers with Ellis charging that Touradji had tried