Girish Venkat Reddy of Prisma
Executive Bio as stated in company website
Bloomberg Businessweek Executive Profile
Zoom Info profile
IIT Madras Golden Jubilee Alumni Fund
Bright Scope company profile
September 2012 press release entitled “KKR Announces Prisma Capital Partners Acquisition on Track to Close in October”
2012 press release entitled “KKR to Acquire Prisma Capital Partners”
May 2012 NY Times Dealbook article entitled “K.K.R. Is Said to Be in Talks to Buy Stake in a Fund of Funds”
It was announced in April 2011 that Prisma Capital Partners was nominated in the “Large Fund of Hedge Funds Firm of the Year” category at the Institutional Investor’s 2011 Hedge Fund Industry Awards. The firm was also nominated in that category in 2010, but ultimately lost to Blackstone Alternative Asset Management.
It was reported in April 2011 that Prisma Capital Partners had $4.1 billion in assets under management (according to SEC records, which may not have been up-to-date at the time of publication, as the company’s Form ADV was last updated in April 2011). A March 2011 article refers to Prisma Capital as a $5.8 billion fund of hedge funds. A February 2011 article reports that the $5.3 billion Prisma Capital Partners grew by 28% in 2010. In August 2010, the firm reportedly had $3.6 billion in assets. In February 2010, it was reported that the firm had $4.2 billion in assets, and in June 2006 reportedly had $2.8 billion in assets.
A November 2009 article lists Prisma Capital Partners as one of many hedge funds of funds that kept institutional clients out of Galleon Group.
2008 Pensions & Investments article entitled “Ready for the future: Face to Face with Girish Reddy”
In a December 2008 article about Bernard Madoff’s Ponzi scheme, Girish Reddy is quoted as saying, “‘The numbers were too good to be true, for too long. And the supporting infrastructure was weak.’ Reddy said his firm had looked at the Madoff funds and decided against investing in them because their performance was too consistently positive, even in times when the market was extremely volatile.”
It was reported that Prisma Capital Partners moved its main office from Jersey City to Manhattan in November 2008.
It was reported in June 2007 that Prisma Capital co-founder Gavyn Davies was a close friend of (now former) British Prime Minister Gordon Brown. According to the article, Mr. Davies resigned as BBC chairman in January 2004 after the Hutton report was released, with “criticisms of the BBC and its allegation that the government’s evidence on Iraq’s weapons of mass destruction had been deliberately ‘sexed up’.” It was also reported that Mr. Davies was chairman of a UK hedge-fund business called Fulcrum, which reportedly had $500m of assets under management and invests for wealthy private clients. Fulcrum reportedly generated a return of 30% after fees over the previous three years, though Fulcrum’s sister company, Semper Macro, did not do as well, with its funds under management plunging from $1.5 billion to $500m as many investors pulled out after a 15% loss in 2006.
Articles were found reporting that Girish Reddy has served on the board of the Indian School of Business and was a member of the Cornell University Council.
In a May 2006 article, Girish Reddy is quoted as saying that since Prisma’s inception in May 2004, the firm had doubled its assets from $1.4 billion to $2.8 billion. He also said, “Our approach is to be a solution provider and offer customized portfolios to institutions who want a specific risk or strategy slant. About 75-80% of our assets are in customized portfolios; 95% of the assets are from institutions. More than half the employees in the firm own equity in the business. We wanted to recreate the partnership culture which is unusual in the fund of funds business. You don’t usually see employees owning such a large percentage of the business. This has allowed us to attract and retain more experienced talent in the hedge fund industry.”
In January 2005, it was announced that Girish Reddy, Gavyn Davies and Thomas Healey, all former Goldman Sachs executives, announced the launch of Prisma Capital Partners. “The firm was started as a joint venture with Aegon USA Investment Management, part of the global insurance carrier Aegon. It began operations in June 2004 with assets of $1.1 billion. Since that time, it has raised an additional $400 million.”
It was reported in November 2003 that Girish Reddy, identified as a director of Prisma Capital Partners, joined Barra Inc.’s board of directors. A February 2003 article reported that Mr. Reddy served on the board of The Indian American Policy Institute.
Girish Reddy reportedly left his role as a Goldman partner in 2002. It was reported in October 2001 that he was planning to retire in 2002 from his role as managing director and head of equity derivatives at Goldman Sachs. He reportedly became a partner in 1996. His retirement reportedly coincided with the release of the lock-up agreement on the shares owned by Goldman’s former partners.
It was reported in April 1990 that Girish Reddy left his role as Senior Vice President of Los Angeles-based Leland O’Brien Rubinstein Associates Inc. to join Goldman, Sachs & Co.’s global equity derivative products group in London as a Vice President and Head of Research. Articles from 1987 through 1989 identify him as Chief Investment Officer and Senior VP of Leland O’Brien Rubinstein.
It was reported in August 1985 that Travelers Investment Management Co. appointed Girish V. Reddy as Senior Vice President.
An article was found reporting that a panel of alumni of Indian Institutes of Technology was concerned over the quality of teachings in IITs. The panel included co-founder and managing director Prisma Capital Partners Girish Reddy. Other articles were found reporting that Mr. Reddy received his undergraduate degree from the IIT Madras in electrical engineering. After graduation, he reportedly came to the United States on a student visa and studied at Cornell University. IIT’s website reports that Girish Reddy graduated in 1977, and in 2002 he established the Girish Reddy Scholarship.