New Hedge Funds Hire Industry Vets: Union Avenue, 5:15 Capital, Twin Tree Capital & Resolve Capital
|July 31st, 2009||
|While many struggling hedge fund managers are cutting their payrolls, a number of new hedge fund managers are adding to their teams by hiring veterans with deep industry experience. In this week’s emerging hedge fund manager report, we look at recent hires made by Union Avenue Advisors, 5:15 Capital Management, Twin Tree Capital Management & Resolve Capital Partners.|
Union Avenue Advisors, an Emerging Market specialist that was launched by Thomas Grossman, recently named Craig Shapiro as its Chief Investment Officer. Mr. Shapiro joins the hedge fund manager from commodities focused Ospraie Management where he was a partner. In March of this year, Union Avenue received a boast when it received long-term strategic capital and business-building support from SkyBridge Capital.
On the operations side, Dallas-based Twin Tree Capital Management has hired John Weeldreyer to lead its Marketing and Investor Relations efforts. Mr. Weeldreyer has almost ten years in the hedge fund industry under his belt, having held senior investor relations/marketing positions at two other Dallas-based firms, Clint Carlson’s Carlson Capital and Robert Alperts’ Atlas Capital Management. Twin Tree Capital is a volatility-focused manager that was founded in May by Michael Presley and John Sawyer.
Finally, 5:15 Capital Management, the only hedge fund to be named after a song by The Who, has hired Jacob Burgida as its Chief Investment Officer. Mr. Burgida joins 5:15 Capital after lengthy CFO stints with two long/short equity funds, Cotton Hall Asset Management and Ibis Management. Unlike his previous funds, 5:15 Capital Management specializes in trading government debt. Maybe he was looking for a change of tune…
Correction: Resolve Capital Partners, which was featured in HedgeTracker’s Hedge Fund Spotlight last week, has picked up Jie Situ as an analyst/intern. Mr. Situ covers US and Asian renewable energy, oil & gas, retail and infrastructure sectors for the sustainability focused hedge fund manager. In October of 2008, the firm's Resolve Eco Fund was opened to outside investors. The Eco Fund is managed by Pamela Schwab who joined the firm in 2007.
For more information on the funds and fund managers mentioned in this article, please see their “Detailed Investor Profiles” below. To see HedgeTracker’s entire Free Investor Directory, click “Source.”
For Detailed Investor Profiles on these Investors, click below: