Tuesday, November 16, 2010

Hedge Fund Job Report: George Weiss, SAC Capital, Touradji Capital, Elliot Management, Armajaro, Soroban Capital

In this week’s hedge fund job report, we review senior management changes that were recently made at Paul Touradji’s Touradji Capital Management and Paul Singer’s Elliot Management, as well as portfolio manager additions that were made at George Weiss Associates and Armajaro Asset Management. Notably, both the George Weiss and Armajaro additions were brought aboard to launch new hedge funds. Finally, we also cover several senior additions at Steven A. Cohen’s SAC Capital Advisors and Eric Mandelblatt’s emerging fund management firm Soroban Capital.

First up is George Weiss Associates, which has poached Brenda Reed from Fidelity Investments’ London Office. While at Fidelity, Ms. Reed managed the mutual fund giant’s Fidelity Global Focus Fund, which has more than one billion in assets under management. At George Weiss Associates, she will reportedly be the lead portfolio manager for a yet to be launched global long/short equity hedge fund.

Steven A. Cohen’s SAC Capital Advisors has also recently hired a Fidelity veteran. SAC Capital poached Venk Kidambi from Fidelity Capital Markets where he was Head of Financial Engineering. Mr. Kidambi is now a director of Algorithmic Research at SAC Capital. The multi-strategy behemoth has also recently hired Bruce Roscherr as a quantitative strategies focused portfolio manager. Before joining SAC Capital, Roscherr was a Portfolio Manager at Citi Alternative Investments.
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