FINalternatives, 18 Jul 2011
The US$3 billion hedge fund founded a year-and-a-half ago by Singapore’s sovereign wealth fund has lost its co-CEOs.
Charles Ong and Nasser Ahmad are stepping down from Seatown Holdings, The Wall Street Journal reports. Ong will remain with Seatown parent Temasek Holdings in a senior position, while Ahmad, the founder of hedge fund DiMaio Ahmad Capital, will leave the firm at the end of the year after spending his last months as an adviser. Full story
