Hedge Funds

Duma beefs up event-driven muscle with Clinton recruit

by


 
Duma Capital Management has hired event-driven specialist Amit Bhatiani away from the Clinton Group.

 

At Duma, Bhatiani will hold the title of partner and will help run Duma's event-driven portfolio. At one time while at George Hall's $1.1 billion Clinton Group, Bhatiani was running about $500 million of assets - as much as Duma now manages. Thus far this year, Bhatiani is said to have posted double-digit returns in his portfolio.

Duma was founded last summer by Nadeem Walji, a veteran of Duquesne Capital Management and Soros Fund Management, and has been having a good year. In the first quarter