Touradji Capital Management is seeking to appoint new business managers with founder Paul Touradji planning to give up day-to-day management and concentrate on trading, The Wall Street Journal reports. The commodities hedge fund will expand its 20 member staff to enhance operations with institutional investors. CFO Tom Dwan is also quitting the fund to join another firm, while president Sang Lee is stepping down from his post to assist controller Ed Min, adds Bloomberg. Min will take over Dwan’s responsibilities. The New York–based fund will allow investors to redeem their investments as a result of the changes.

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