Touradji Capital Management

Last updated

Touradji Capital Management is a hedge fund based in New York City.

It was founded by Paul Touradji in January 2005 [1] after his previous venture, Catequil Asset Management, was closed amid a legal dispute. [2]

Touradji Capital is called a "Tiger Cub", as it is a fund that grew out of Julian Robertson's Tiger Management. [3]

In 2007, the fund had $0.5 billion under management. [4]

In January–July 2012, Peter Borish was CEO of Touradji Capital Management. [5] [6]

In May 2019, a Manhattan jury unanimously found Touradji Capital Management LP responsible for the compensation of two former portfolio managers, Gentry Beach and Robert Vollero. [7] The verdict awarded the former employees over $40m and with statutory interest the judgment was entered in an amount in excess of $90m. [8] According to the New York Law Journal, Seiden Law LLP in New York, with attorneys Robert Seiden, Michael Stolper and David Greenberger handled the litigation against Touradji Capital Management LP and will be handling the appeal. [9]

Related Research Articles

<span class="mw-page-title-main">Goldman Sachs</span> American investment bank

The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue. In Forbes Global 2000 2023 Goldman Sachs ranked 34th. It is considered a systemically important financial institution by the Financial Stability Board.

<span class="mw-page-title-main">D. E. Shaw & Co.</span> U.S.-based investment management firm

D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and sophisticated computer programs to exploit anomalies in the financial market. As of June 1, 2021, D. E. Shaw manages $55 billion in AUM, $35 billion of which are alternative investments and the remaining $20 billion long-oriented investments.

Julian Hart Robertson Jr. was an American billionaire hedge fund manager, and philanthropist.

<span class="mw-page-title-main">Harvard University endowment</span> American investment management company

The Harvard University endowment, valued at $49.444 billion as of June 30, 2022, is the largest academic endowment in the world. Its value increased by over 10 billion dollars in fiscal year 2021, ending the year with its largest sum in history. Along with Harvard's pension assets, working capital, and non-cash gifts, the endowment is managed by Harvard Management Company, Inc. (HMC), a Harvard-owned investment management company.

<span class="mw-page-title-main">Steve Cohen (businessman)</span> American billionaire hedge-fund manager, sports team owner (born 1956)

Steven A. Cohen is an American hedge-fund manager and owner of the New York Mets of Major League Baseball since September 14, 2020, owning just over 97% of the team. He is the founder of hedge fund Point72 Asset Management and S.A.C. Capital Advisors, which closed after pleading guilty to insider trading and other financial crimes.

<span class="mw-page-title-main">Bridgewater Associates</span> U.S. based investment management firm

Bridgewater Associates, LP is an American investment management firm founded by Ray Dalio in 1975. The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks. As of 2022, Bridgewater has posted the second highest gains of any hedge fund since its inception in 1975. The firm began as an institutional investment advisory service, graduated to institutional investing, and pioneered the risk parity investment approach in 1996.

Tiger Management Corp., also known as "The Tiger Fund", is an American hedge fund and family office founded by Julian Robertson. The fund began investing in 1980 and closed in March 2000/01. It continues to operate today in direct public equity investments and seeding new investment funds.

<span class="mw-page-title-main">Citadel LLC</span> American hedge fund and financial services provider

Citadel LLC is an American multinational hedge fund and financial services company. Founded in 1990 by Ken Griffin, it has more than $62 billion in assets under management as of December 2022. The company has over 2,600 employees, with corporate headquarters in Miami, Florida, and offices throughout North America, Asia, and Europe. Founder, CEO and Co-CIO Griffin owns approximately 85% of the firm. As of December 2022, Citadel is the most successful hedge fund of all time, posting $65.9 billion in net gains since inception in 1990.

<span class="mw-page-title-main">Paul Singer (businessman)</span> American businessman (born 1944)

Paul Elliott Singer is an American hedge fund manager, activist investor, and the founder, president and co-CEO of Elliott Management. As of June 2023 his net worth is estimated at US$5.5 billion.

<span class="mw-page-title-main">Bill Ackman</span> American hedge fund manager

William Albert Ackman is an American hedge fund manager who is the founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company. His investment approach has made him an activist investor. As of January 2024, Ackman's net worth was estimated at $4 billion by Forbes.

<span class="mw-page-title-main">Sculptor Capital Management</span> American investment management firm

Sculptor Capital Management is an American global diversified alternative asset management firm. They are one of the largest institutional alternative asset managers in the world.

Ole Andreas Halvorsen is a Norwegian billionaire hedge fund manager. He is the CEO and a co-founder of the Connecticut-based hedge fund, Viking Global Investors. Viking had $24 billion under management as of October, 2017. Halvorsen has consistently ranked among the top earning hedge fund managers, placing 11th in Forbes' 2012 rankings and 9th in 2015, according to Institutional Investor's Alpha.

<span class="mw-page-title-main">S.A.C. Capital Advisors</span> Group of hedge funds

SAC Capital Advisors was a group of hedge funds founded by Steven A. Cohen in 1992. The firm employed approximately 800 people in 2010 across its offices located in Stamford, Connecticut and New York City, and various offices. It reportedly lost many of its traders in the wake of various investigations by the Securities and Exchange Commission (SEC). In 2010, the SEC opened an insider trading investigation of SAC and in 2013 several former employees were indicted by the U.S. Department of Justice. In November 2013, the firm itself pleaded guilty to insider trading charges and paid $1.2 billion in penalties. The firm shrank after returning the vast majority of its outside investor capital. Point72 Asset Management was established as a separate family office in 2014. SAC ceased to exist as a separate entity in 2016.

Emmanuel Lemelson is an American-born Greek Orthodox priest, social commentator and hedge fund manager.

<span class="mw-page-title-main">Anthony Chiasson</span> American hedge fund manager

Anthony R. Chiasson is an American hedge fund manager and co-founder of Level Global Investors LP, a Greenwich, Connecticut-based hedge fund management firm. Level Global was launched in 2003 with about $500 million in assets under management, and grew to $4.2 billion in assets and 75 employees before closing in early 2011.

<span class="mw-page-title-main">Glenview Capital Management</span>

Glenview Capital Management is a hedge fund founded in 2000 with approximately $7.7 billion of capital under management as of March 2019. Glenview manages capital for investors through a series of private investment funds. The firm was founded by Larry Robbins, the firm's CEO and portfolio manager, and is based in New York.

<span class="mw-page-title-main">Melvin Capital</span> American investment management firm

Melvin Capital Management LP was an American investment management firm based in New York City. It was founded in 2014 by Gabriel Plotkin, who named the firm after his late grandfather.

Visium Asset Management LP was an American multi-strategy hedge fund. It began as a healthcare-focused hedge fund, founded in 2005 by Jacob Gottlieb. Visium controlled investment funds with about $8 billion of assets under management and had 170 employees at its peak in 2016. That year, three of the company's traders were indicted by United States federal authorities for securities fraud. One of the accused employees killed himself days after he was indicted. Visium subsequently liquidated several of its funds and wound down operations.

Tiger Global Management, LLC is an American investment firm founded by Chase Coleman III, a former Tiger Management employee under Julian Robertson, in March 2001. It mainly focuses on internet, software, consumer, and financial technology companies.

Robert W. Seiden is an American former prosecutor, lawyer, global investigator, court-appointed receiver, integrity monitor and founder of Seiden Law LLP, a litigation and sanctions-focused law firm. Seiden also serves on the board of advisors of a private clean energy company, GreenMet after stepping down as chairman.

References

  1. Wall Street's New Love Affair, Businessweek, August 14, 2006
  2. Personal Feud Closes $1.5B Hedge Fund, Frederick Boyd, New York Sun, October 28, 2004
  3. Touradji hedge fund hires Bram, Dow Jones MarketWatch, January 31, 2006
  4. Touradji says speculation changes commod[itie]s markets under management, Reuters, April 13, 2007
  5. "CEO Leaves Hedge Fund Touradji Capital". Pensions & Investments/Bloomberg. July 10, 2012. Retrieved April 21, 2014.
  6. Pleven, Liam (January 10, 2012). "Touradji Names New CEO, Trading Director". The Wall Street Journal. Retrieved April 21, 2014.
  7. English, Carleton (June 6, 2019). "Former high-flying hedgie ordered to cough up $90M in bonus trial". New York Post. Retrieved June 13, 2019.
  8. Chung, Juliet (June 6, 2019). "Two Former Hedge Fund Employees Expected to Get $90 Million Jury Payout". Wall Street Journal. ISSN   0099-9660 . Retrieved June 13, 2019.
  9. Jason Grant (June 27, 2019). "After Decade-Long Legal Fight, Hedge Fund Managers Win $46 Million; Now Comes the Appeal". New York Law Journal. Retrieved July 2, 2019.