Bear Stearns exec leaves for fund administration firm
Ron Suber, who was in charge of Bear Stearns' prime brokerage hedge fund business line, has previously made waves for being one of several employees implicated by regulators in the recent mutual fund trading scandal. Now he has stepped down, according to TheStreet.com. Suber will take a position with Spectrum Global Fund Administration, a hedge fund administration firm. It's not quite another example of a high-profile executive falling for the allure of a hedge fund. But it seems like he is stepping into a growth opportunity.
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