Opalesque Industry Update:Amida Capital Management II, LLC, a New York based investment
manager specializing in relative value and convertible arbitrage, has expanded its investment
platform and appointed Sudeep Duttaroy as a Portfolio Manager and Raymond Lam, CFA as a Credit
Analyst. Messrs. Duttaroy and Lam will report to David Rich, Amida’s Founder and Chief
“Sudeep and Ray, long-term industry colleagues, bring to Amida over fifteen years of combined experience in convertible markets. We are excited about the opportunities we currently see for the strategy and with the new additions we continue to build solid institutional quality platform and broaden our strong fundamental and quantitative research expertise."
“Properly managed convertible strategies have been consistent and less volatile performers than other alternative strategies, proving their ability to deliver upside participation while preserving capital. With the exit of many hedge fund participants from the market place in 2008 resulting in a larger segment of long-only funds, we believe that ample opportunities and demand for niche relative value managers like ourselves are present in today’s investment climate”, continued Mr. Rich.
Mr. Duttaroy and Mr. Lam join Amida from AM Investment Partners, where Mr. Duttaroy was a Portfolio Manager and Mr. Lam was a Senior Analyst.
Mr. Duttaroy graduated with a Bachelor of Arts in Computer Science from the University of Texas- Austin and a Master of Science in Financial Mathematics from the University of Chicago. Mr. Lam graduated with a Bachelor of Science in Electrical Engineering from Columbia University and a Master of Business Administration from New York University, both with honors.