Via: Forbes:
A company staffed with former operatives of Israel’s top
intelligence agencies and founded with the help of the former head of
the Mossad is being used by hedge funds looking for an edge in the
financial markets.
Kela Israeli Intelligence has increasingly become a popular service
on Wall Street. The firm employs about 40 former intelligence operatives
and analysts, most of them ex-members of the Israeli army’s secretive
8200 unit, which is often described as Israel’s equivalent to the
National Security Agency and believed to be behind the Stuxnet computer
worm that attacked Iran’s nuclear facilities. Kela also employs former
agents of Israel’s Mossad spy agency and the company was founded with
the help of Shabtai Shavit, the director general of the Mossad from 1989
to 1996, who sits on Kela’s advisory board.
Founded in 2009 with an eye toward harnessing the
intelligence talent in Israel for use in the corporate sector, Kela does
work for insurance companies, pension funds and sovereign wealth funds,
but it has found its services are greatly in demand by hedge funds.
Some 80% of its business is currently coming from hedge fund managers in
New York, London and Hong Kong, according to Yigal Naveh, Kela’s chief
executive officer and co-founder.
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