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Monthly Archives: August 2014
Rajesh Sundaresan has become CIO of Lighthouse Canton. Previously he was co-CIO of Catalytic Investment Group and managing director of Moon Capital.
Shy Wong has joined APS Asset Management in a compliance role. Most recently he was a co-founder at One Focus Capital. Previously he was at Gen2 Partners/Ajia Partners, Forsyth Partners and Skandia Life.
Remi Colinmaire has resigned from his gig as portfolio manager at Alphadyne Asset Management in Singapore. Before his two-year stint at Alphadyne, he ran the Caerus Arbitrage Asia fund at RSR Capital. Earlier in his career he was at Goldman Sachs, Citigroup and BNP Paribas.
Carl Huttenlocher’s Myriad Asset Management in Hong Kong has seen some changes this summer: Steven Barrett has left his trader gig at the firm, commodities analyst James Whitecross has left to rejoin Impala and financial controller Ada Chan has left to do an MBA. A new addition is Samuel Guinness (ex-ADM Capital) who has joined in an investor relations role.
AUM in the Asian hedge fund industry has reached US$116.7 billion (as of end of Q2 2014), according to the HFR Asian Hedge Fund Industry Report. The global hedge fund industry AUM increased to an estimated US$2.8 trillion.
According to Eurekahedge’s August report, Asia ex-Japan hedge funds outperformed all other regional mandates and are up 6.50% year-to-date and have seen their AUM grow by US$6.5 billion so far this year. Hedge funds investing in Greater China bounced back to report their third consecutive month of positive returns: up 4.13% in July and 2.90% year-to-date.
UBP has recruited Joerg Hansen from DBS to run the Singapore branch of its multi-family office service. Earlier in his career he worked at Credit Suisse and Julius Baer.
Rie Ohashi, who recently left HC Asset Management, is understood to be joining Russell Investments’ pension fund marketing team.
Miho Okada has joined the hedge fund team at Sompo Japan Nipponkoa Asset Management. She was previously at Japanese private equity firm Revamp. Earlier in her career she was responsible for capital introduction at UBS.
Today Nobuki Yasuda is leaving the PFA after seven years as head of its hedge fund investment team. He built up PFA’s hedge fund investments from scratch to a multi-billion dollar portfolio. Prior to joining the PFA in 2007, Yasuda spent 19 years with Sumitomo Life. He started his career at Norinchukin Bank in 1980. He has also been a lecturer at Hitotsubashi University and a research economist at the Japan Center for International Finance. PFA’s hedge fund investment team will now be led by Kazuaki Kojima who joined PFA a few years ago from Goldman Sachs.