"The strategy at Mecox, which is named after a bay in the Hamptons, will focus on short-term-duration options, Passer said, and will put on between three and five trades in a day, typically. Passer, who began his career as a trader for asset managers Endeavour Capital Advisors and Vollero Beach before shifting into investor relations and operations roles, will be the firm's chief investment officer, while Kiran Srinivas will be the chief portfolio officer, according to the new manager's website."
"The hedge fund, which will trade options and launch with $50 million in assets, counts Peter Borish as an investor, according to the firm's founder, Richard Passer. Borish was a cofounder of Tudor Investment Corp, alongside billionaire Paul Tudor Jones, as well as a founding trustee of the Robin Hood Foundation, the New York-based charity headed by Wall Street's elite that focuses on alleviating poverty in the city and hosts an annual investment and finance conference in Manhattan."
Mecox Capital Partners will begin trading on January 1 with $50 million, focusing on short-term-duration options and typically executing three to five trades per day. The firm is based in Bridgehampton and will operate with a small capital base and notable investor support. Peter Borish, cofounder of Tudor Investment Corp and trustee of the Robin Hood Foundation, is an investor and praised Richard Passer's discipline in discretionary trading. Richard Passer will serve as chief investment officer and Kiran Srinivas as chief portfolio officer. Passer previously worked at Satori Fund and held operations roles at several other hedge funds.
Read at Business Insider
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