Julian Samways, previously Group Head of Communications at Schroders, has joined Harmonic Capital Partners as Head of Business Development.
London-based Harmonic Capital Partners is a fixed income and currency specialist hedge fund manager with USD 300 million under management. Samways, who joins founding partners Richard Conyers (a former colleague at Schroders), Richard Noble and David Pendlebury, will be responsible for overall marketing and communications strategy. He will start in January 2005.
Samways was Group Head of Communications responsible for all of Schroders' corporate communications and, latterly, marketing communications strategy. He was Marketing Director for Schroders' UK institutional business from 1995-2000 before being appointed to his current role.
Prior to joining Schroders he was an investment manager for James Capel Fund Managers Limited, later HSBC Asset Management Limited. He joined the City from International Thomson Organisation plc, where he began his career as a marketing executive.
Richard Conyers, Chief Executive Officer and co Chief Investment Officer of Harmonic Capital Partners, commented: "This is a key appointment for us which reflects our confidence in becoming a leading participant in the hedge fund industry. Julian's experience in fund management and marketing generally will be a major asset as we seek to grow our business and I am delighted to welcome him as a partner at Harmonic."
Harmonic Capital Partners is a fixed income and currency specialist which combines three techniques to create systematic and quantitatively-driven fixed income, currency and macro funds.
Harmonic's investment strategy is based on a successful combination of three trading strategies: 'Bond Arbitrage', trading the mis-pricing of government bonds; 'Macro Relative Value', involving market-neutral relative value trading between countries; and 'Directional Trading' which employs a technically-driven model. The latter is used primarily as a protective hedge for the other two strategies.
The team at Harmonic comprises ten people with the three founding partners having extensive previous hedge fund experience at Aspect Capital and JP Morgan Chase. The funds started trading in May 2003 and have since grown to USD 300 million.