Matrix and Redux in hedge fund joint venture
Matrix and Redux have joined forces to form Redux Research.
Sudeep Singh, founding partner of Redux Research, and his team have over 50 years’ combined experience in emerging markets and will be providing emerging market currency and macro strategies.
In October 2007, Redux launched its long-only emerging markets FX and macro programme for a US based fund manager which made almost 16 per cent in 2009 and came through the financial crisis of 2008 with modest losses of just over four per cent.
Singh has more than 16 years of experience trading securities in emerging markets. He was formerly a senior portfolio manager of emerging markets for Caxton Associates, and served as managing partner and chief investment officer of Lotus Capital Partners.
Giancarlo Perasso, chief economist of Redux, is also a visiting professor to the Universita' Carlo
Cattaneo of Castellanza, Italy. He was formerly the global head of emerging market research at WestLB, where he developed market-oriented global research, focussing on both external debt and local markets.
Mike Ohr, portfolio manager tactical macro, was most recently a senior marketer of exotic and flow interest rate derivatives to major hedge funds at Credit Suisse, advising clients on macro and relative value strategies.
Singh says: “We are delighted to be joining forces with Matrix who will be supplying us with their considerable infrastructure of risk management and distribution whilst allowing me and my team to concentrate solely on running portfolios. Imminent fund launches will be very timely as there are currently tremendous investment opportunities within emerging markets over the coming years.”
Chris Merry (pictured), chief executive of Matrix Group, adds: “We are delighted that Sudeep and his team are the latest managers to team up with our expanding hedge fund platform. With emerging markets proving to be the engine of the world’s growth, this latest venture could not be more timely."
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