Emerging Hedge Funds Hire Industry Vets: Plural Investments, Voras Capital and C12 Capital

April 9th, 2010
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In this week’s hedge fund hire report, we look at recent hires made by a few notable emerging managers that were launched within the last couple of years, including: Matthew Grossman’s Plural Investments LLC, Zoe Cruz’s Voras Capital Management and Barclays Capital spin-off C12 Capital Management.

Plural Investments , which was one of the largest hedge fund start-ups of 2008 with $900 million in AUM at launch, has recently made several veteran additions to its portfolio management ranks. Before founding Plural Investments, CEO & Chief Investment Officer Matthew Grossman was the chief investment officer at CR Intrinsic, a subsidiary of Steven A. Cohen's SAC Capital.

The firm’s new portfolio managers include Justin Smolkin, Haibo Yu and Nick O'Grady. Prior to joining Plural Investments, Mr. Smolkin was a Vice-President at Morgan Stanley and before that was an analyst at hedge fund manager Catapult Capital.

Haibo Yu joins Plural Investments from Principled Capital Management, where he was a portfolio manager covering the healthcare sector. In January of this year, Principled Capital’s founder Gerry Catenacci announced that he was shutting down his hedge fund due to lackluster returns.

Finally, Mr. O'Grady, who joined Plural late last year, was previously a portfolio manager at Highbridge Capital Management. Before Highbridge, he was senior analyst at Sandell Asset Management where he covered energy and utility stocks.

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For Detailed Investor Profiles on these Investors, click below:
C12 Capital Management
Highbridge Capital Management
Plural Investments LLC
Principled Capital Management*
SAC Capital Advisors
Voras Capital Management
Related People: David Markus; Gerald "Gerry" Catenacci; Glenn Dubin; Henry Swieca*; Ignacio Sosa; Julian Robertson; Justin Smolkin; Luke Somers; Mary Callahan Erdoes (JPM); Matthew Grossman; Matthew Stewart; Michael Keeley; Nick O'Grady; Philip Gaucher; Scott Kapnick; Stephen King; Steven A. Cohen; Todd Builione; Yevgeny Frenkel ; Zoe Cruz
Related Entities: Expressway Partners; Freeway Partners; Roadway Partners; Runway Partners; Thruway Partners; Barclays Capital*; C12 Capital; Canvas Capital; CR Intrinsic Investors; Highbridge Capital LP; Highbridge Convertible Arbitrage Opportunities Fund; Highbridge Event Driven Relative Value Fund LP; Highbridge Long Short Equity Fund LP; Highbridge Statistical Market Neutral mutual fund; Highway Partners; JPMorgan Chase & Co; Plural Holdings LLC; Plural Partners LLC; Protium Finance LP; S.A.C. Global Investors; SAC Capital Associates; SAC Meridian; SAC MultiQuant; SAC Select; Sigma Capital Management; Voras Capital Partners; Voras GP LLC; Walter Capital Management*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings; Hedge Fund Launches and Hedge Fund Closings


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