A Japan long/short fund will be the first launch in the wake of Tilney hedge fund managers Leon de J...
A Japan long/short fund will be the first launch in the wake of Tilney hedge fund managers Leon de Jerez and Philip Manduca's move to Dexia Banque International Ã Luxembourg.
The pair are in the process of recruiting a manager to work on the new fund and believe the Japanese market should offer good opportunities for long/short managers.
The new operation will trade as Dexia Alternative Asset Management, and they have taken with them the former Tilney OneEurope long/short vehicle which has been rebranded as a Dexia fund.
In order to boost the relatively disappointing performance of OneEurope, with a return of -4.41% since inception in October 1999 in dollar terms, the team has recruited two new professionals.
Peter Csoregh will join in April from Chase Manhattan International, where he was formerly co-head of proprietary capital management in Europe.
He has also worked in derivative risk management at UBS and proprietary trading at Goldman Sachs.
For the OneEurope fund his role will be to run the trading and risk management element, co-ordinating with the existing research and stock picking processes.
He will be supported by Semih Tavli, also from Chase Manhattan International, who will be a technical timing and risk management professional.
Dexia Alternative Asset Management will form a new division of Dexia BIL's London branch. www.ifaonline.co.uk
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