BlackRock fixed income exec Imran Hussain, Octagon's Mead Welles plan launch

October 04, 2012   Rob Copeland

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The veteran managers are starting an emerging markets macro fund.


   
  Mead Welles 

   
  Imran Hussain 

Imran Hussain, the longtime head of emerging market debt and currency portfolios for $3.7 trillion asset manager BlackRock, has resigned and is teaming up with former Octagon Asset Management head portfolio manager Mead Welles to launch a new emerging markets fund in New York, according to marketing materials obtained by Absolute Return.

The duos Infineon Capital Management will take a macro approach to emerging markets, trading a changing mix of currencies, commodities, corporate bonds and stocks in...

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Data

April 2013 Absolute Return fund

Composite
Index Composite
Absolute ReturnApr 13YTD%
Composite0.54%2.94%74%
Commodities-1.78%-5.50%83%
Convertible & Equity Arbitrage0.56%1.52%59%
Credit1.11%3.73%76%
Distressed1.00%5.54%64%
Event Driven0.96%4.96%80%
Fixed Income1.50%3.92%65%
Global Equity0.82%3.37%79%
Latin American Debt0.20%0.99%71%
Latin American Equity-0.10%4.01%57%
Macro0.55%2.19%67%
Managed Futures1.04%1.38%87%
Mixed Arbitrage0.25%2.35%77%
Mortgage Backed Securities1.50%4.04%100%
Multi-Strategy0.94%3.79%60%
Technology0.46%1.87%100%
U.S. Equity-0.30%3.06%72%

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