Singapore hedge funds added 6 new portfolio managers in April
Singapore isn’t the hedge fund heaven that Hong Kong is usually seen as, but things seem to be taking a turn. Funds in the city – both headquartered and present there – have been busy adding Portfolio Managers (PMs) in the city.
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Amit Suman joined Brevan Howard as a PM last month. He was a PM at RV Capital Management, a Singapore-based hedge fund, for four years before leaving. Although moving to a huge multi-strategy firm is appealing for many reasons, Brevan cut a significant number of portfolio managers last month, but has been expanding in Abu Dhabi.
Akshay Bhor, meanwhile, joined Balyasny as a PM in equities. Bhor was an analyst at Citadel before leaving the fund, which he joined in 2021. Although Citadel had a much better 2023 than Balyasny, the jump to PM is impossible for most people to ignore – even if they are sometimes toxic. The rewards can be big, but so can the risks.
Ankit Khetan, a 9-year veteran of Singapore-based Crescent Asset Management in the city, left his post as partner (and PM) to join Southern Ridges Capital, a fund started just back in 2022 by Mohit Khurana, a former trader at BlueCrest, Mike Platt’s hedge-fund-turned-family-office.
Abhay Nainan joined Millennium as an associate portfolio manager. Nainan was an analyst Schonfeld for 2 years before leaving, covering macro and fixed income. Schonfeld to Millennium seems like a logical move. Although the former returned a respectable 4.8% to investors across 2023, Millennium hit double digits.
Meanwhile, Terry Ang left Millennium and joined North Rock Capital Management as a PM in equity long/short. North Rock was in the midst of a hiring spree last year, Reuters reported.
Also moving was Min
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