Mon, Sep 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Amida Capital Management adds senior staffers

Monday, March 05, 2012
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 Investment Officer.

“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.

Amida Partners

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali