Hedge Funds

Satellite builds up staff, diversifies investment base

by

Satellite Asset Management is adding senior staff and diversifying its investor base as part of broad effort to enhance its institutional strength.

Most recently, the $5.7 billion multistrategy operation run by Soros Fund Management alumni Lief Rosenblatt, Gabe Nechamkin and Mark Sonnino last month named two executives to new posts.

Andrew Dabinett, the former global chief of capital introduction at UBS, joined the New York firm in the role of director of business development. John Cashwell, who previously headed marketing and client services for Citigroup's fund-of-funds operation, has become director of marketing and client services at Satellite.