Hedge Funds

Ravi Suria's Valmiki Capital hires UBS heavy-weight

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Former Duquesne Capital analyst Ravi Suria has named Gary Gordon, head of U.S. strategy at UBS, to the post of director of research at his new hedge fund firm, Valmiki Capital.

Suria is expected to launch Valmiki, a New York global equities fund, on July 1 with upwards of $500 million.

Gordon joined Paine Webber as an equity analyst in 1988. In a June 6 memo announcing Gordon's departure, UBS equity research chief Raul Esquivel lauded Gordon for quickly becoming one of the top consumer stock analysts on Wall Street. Esquivel also noted that Gordon has distinguished himself with his