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The 2015 Hedge Fund Rising Stars: Amit Pardasani

A partner at Owl Creek Asset Management, Pardasani has spent much of his brief but impressive career in the debt markets.

To say that Amit Pardasani, 31, was precocious would be an understatement. Having grown up in Queens, New York, he left home at age 15 for the Wharton School of the University of Pennsylvania. By then he was already keen on the stock market. At Wharton, Pardasani became interested in high-yield bonds, the market founded by fellow school alumnus Michael Milken. Friends say that what struck Pardasani most about Milken’s ideas was that when analyzing bonds, the payment comes whether you’re right or wrong, as opposed to in the stock market, where success depends on buyers being willing to pay more than you did for your holdings. This fascination with bonds led Pardasani to the world of distressed debt and a seat on the UBS debt trading desk in New York. In 2006 he became the first nonpartner employee at New York–based Latigo Partners, an event-driven hedge fund firm founded by David Ford, formerly of Satellite Asset Management and Och-Ziff Capital Management Group, and David Sabath, who previously worked in proprietary credit at JPMorgan Chase & Co. In 2009, with the distressed credit cycle under way, Pardasani joined Owl Creek Asset Management, the $4 billion, New York–based event-driven and long-short equity and debt firm founded by Jeffrey Altman, as a partner.

 The 2015 Hedge Fund Rising StarsClick below to view profiles
Paul AlzapiediSilver Point CapitalAdam BernsteinPagoda Asset ManagementJennifer BloomBTIGRobert CampionCanyon Capital AdvisorsKatherine ChanAnandar Capital Management
T. Troy DixonHollis Park PartnersCurtis GallagherPark Hill GroupBrian GoldbergAksiaGeoffrey KeeganCreciente Partners Investment ManagementBrian KellyMillennium partners
Robert KennelleyRocaton Investment AdvisorsRyan KilsteinSouthpoint capital advisorsMonica LaiPfizerLeigh LowerGraham Capital ManagementPooja MalikNipun Capital
Jamie MendolaPacific Grove CapitalBradley NeumeisterPershingOleg NodelmanEcoR1 CapitalJames OussedikSidley AustinAmit PardasaniOwl Creek Asset Management
Putri PascualyPAAMCOCourtney PowersUniversity of texas Investment Management Co.Laura RocheRoystone Capital ManagementHarlan SarokenPerry CapitalRichard ScarinciBlackstone Group
Randall ShuMetLifeSamuel SiegalSenator Investment GroupNadine Termansolstein CapitalAnastasia TitarchukNew York State Common Retirement FundChristina van BeelenSecor Asset Management