Peter Borish Invests in New Hedge Fund

Mecox Capital Partners, a newly established hedge fund with a focus on options trading, is set to commence operations as the new year begins, boasting an initial investment of $50 million.

The fund is supported by Peter Borish, who co-founded Tudor Investment Corp along with Paul Tudor Jones. Borish is also a founding trustee of the well-known Robin Hood Foundation, aimed at reducing poverty in New York City.

Richard Passer, who is at the helm of this venture, notes that he and Borish first crossed paths in a casual basketball game and have since maintained a relationship. Their new endeavor is located in Bridgehampton, Long Island, and will kick off trading on January 1.

Mecox, a name inspired by a bay in the Hamptons, will pursue strategies centering on short-duration trading options, executing approximately three to five trades daily.

Passer's career launched in trading with firms like Endeavour Capital Advisors and Vollero Beach. Over time, he transitioned to roles in investor relations and operations, becoming the chief investment officer at Mecox.

Kiran Srinivas will take on the role of chief portfolio officer. Srinivas brings over 20 years of experience, having worked with prestigious hedge fund firms such as D.E. Shaw and Millennium. His most recent position was as a portfolio manager at First New York.

Passer's professional background includes positions such as head of marketing and investor relations for the Satori Fund and chief operating officer at various funds, including Stone House Partners and 1 Main Capital.

This new venture with Borish's backing aims to leverage these experiences, focusing on the potential success of short-duration option trading.