NEW YORK, April 21, 2015 /PRNewswire/ -- Ada Investment Management LP ("Ada Investments"), an investment manager offering alternative equities-based investment programs to institutional investors, today announced that Nikhil Sudan has joined the firm as a Principal and Chief Operating Officer (COO). In his new role, Mr. Sudan will be responsible for the firm's business operations and technology, reporting to Dr. Vinay Nair, Founding Principal of Ada Investments.
Mr. Sudan joins Ada Investments from Bridgewater Associates, a global investment manager, where he drove strategic multi-year transformations in technology management and middle- and back-office operations. Prior to joining Bridgewater in 2010, he served as a senior management consultant at McKinsey & Company, which he joined in 2005 and where he delivered top- and bottom-line business results for a range of global institutional clients.
"Nikhil brings distinctive experience in leading and managing teams at top-tier financial services firms which will be extremely valuable to Ada as we scale our business," said Dr. Nair. "Nikhil possesses a rare combination of strategic thinking, operating discipline and functional expertise that will have a positive impact on Ada's business and fund operations."
"I'm delighted to join Ada and a talented team that has built an institutional quality firm with a differentiated investment process and continued strong performance," said Mr. Sudan. "Working with Vinay and helping to further the success of Ada will be a rewarding professional journey."
Earlier in his career, Mr. Sudan was an engineer at Cisco and General Electric (GE), where he applied technology to improve sales effectiveness and efficiency. He earned an M.B.A. in General Management with distinction from INSEAD and a B.Sc. summa cum laude in Computer Engineering and Economics from Union College.
Ada Investments was founded by Dr. Nair, a former professor at the Wharton School of Business, and is backed by a group of seasoned investment professionals including a strategic investment by XL Group. Ada Investments' approach, which grew from Dr. Nair's original academic investigations, utilizes fundamental and behavioral insights to identify return drivers in equity markets.
About Ada Investments
Ada Investments is a SEC-registered investment adviser offering alternative equities-based investment programs to institutional investors. Ada's 23 member global team includes 16 research professionals, including several PhD's, who remain affiliated with leading business schools. The firm is based in New York with a presence in Mumbai, India and Rio de Janeiro, Brazil.
Ada's investment approach centers around creating a collection of relative value based investment themes across both developed markets and emerging markets that are each used to capture a different source of return. Ada aggregates these proprietary investment themes, which have been vetted over time in multiple markets, into portfolio strategies with differentiated returns. Additional information about Ada may be found at www.adainvestments.com.
For more information, please contact:
SOURCE Ada Investment Management LP