New Hedge Funds Hire Industry Vets: Fuchs, Gladius & Saba

July 14th, 2009
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Despite the troubled markets, new hedge funds have continued to build-up their teams by hiring top talent. In this week’s new hire report, we look at recently founded firms Fuchs Capital Partners, Gladius Investment Group and Saba Capital Management.

Fuchs Capital Partners is one firm that has benefitted from the pool of available talent. The Asia-focused “soft activist” firm was founded earlier this year by Mark Fuchs and has managed to hire a number of quality veterans, including: Chief Operating Officer Winston Loke, Portfolio Manager Mark Maroongroge and Analyst Sean Kim. Mr. Loke comes to Fuchs Capital with over 15 years experience in investment banking and finance. Most recently, he was Credit Suisse's COO for Asia Pacific ex-Japan/Australia Cash Equities Division. Mr. Maroongroge joins Fuchs Capital from HBK Capital Management, where he worked for the hedge fund’s long/short equities and event-driven strategies. Mr. Kim was previously with Concordia Advisors focusing on Deep Value and Event Driven equity strategies for Asia ex-Japan.

Pav Sethi’s Gladius Investment Group has also made a number of significant hires, including: Chief Operating Officer Hamid Zanganeh and Chief Risk Officer Reagan Ammann. Mr. Zanganeh joins Gladius from Pardus Capital Management, where he was both the Chief Operating Officer and a Partner. Mr. Ammann joined Gladius in June. Prior to joining the firm, he worked as a derivatives trader for nine years in UBS’s investment banking division.

Boaz Weinstein’s Saba Capital Management, which is primarily staffed by co-workers from his from former Deutsche Bank bond trading team, has managed to hire Ken Weiller as Chief Operating Officer. Mr. Weiller joined the firm in March and the firm’s first fund is expected to start trading in August 2009. Prior to Saba, Mr. Ammann was COO at Claren Road Asset Management for more than three years. Prior to that, he spent almost seven years at SAC Capital.
For Detailed Investor Profiles on these Investors, click below:
Fuchs Capital Partners
Gladius Investment Group
Pardus Capital Management
Saba Capital Management LP
HBK Investments
Related People: Dr. Lutz Stoeber; Joseph Thornton; Bertrand Divet; Boaz Weinstein; David Costen Haley; George Pan; Harlan B. Korenvaes*; Jeremy Benkiewicz; Karim Samii; Laurence Hugh Lebowitz; Mark Fuchs; Mark Maroongroge; Paul Andiorio; Pav Sethi; Qi Wang*; Rajesh Kedia; William Edward Rose; Winston Loke
Related Entities: Citadel Investment Group*; Fuchs Capital; Fuchs SEA Crest Fund; Glacier Re; Gladius Investment; HBK Investments; Pardus Capital Management LLC; Pardus DMI Capital Fund LP; Pardus European Special Opportunities Master Fund LP; PCM; Saba Capital II; Saba Capital Intermediate Fund LTD; Saba Capital Master Fund; Saba Capital Partners LP; Saba trading unit at Deutsche Bank*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings

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