Focus on Companies: Touradji Capital

July 10, 2012 James Heinsman Company Spotlight

Peter Borish

In the past year and a half Touradji Capital has had a long list of senior executives come and then quickly go. The latest turnover came when Peter Borish left his position as chief executive officer at Touradji Capital Management LP after staying just six months with the commodities hedge fund.

Borish became the fifth executive to leave Touradji since 2011 began. Bob Zito is a spokesman for the fund, which is based in New York. He explained a bit about what happened to Borish:

“He was originally on a six-month contract and had a CEO role focused on marketing.”

In a letter to clients dated June 28 Paul Touradji, age 40, explained that the company had been concentrating more on building its business and not on marketing. Therefore the firm decided to make cuts in marketing.

“We appreciate the ability to keeping our focus unwavering and clear,” Touradji said in the June 28 letter. “So we will not be picking up Peter Borish’s contract for the second half of the season, and he will become a free agent again.”

 

Bob Zito, Peter Borish, Touradji Capital, Touradji Capital Management LP,

Comments are currently closed.