People Moves

Hybrid portfolio specialist Skybound gets new CIO

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Michael Tostee, the CIO at hybrid portfolio specialist Skybound Capital is leaving the firm and handing over his responsibilities by the end of April to co-portfolio manager Theodore Shou.

Skybound, the first South African hedge fund manager to establish a presence in Hong Kong, manages six offshore funds in addition to a suite of onshore products in Africa.

Besides Hong Kong, the firm has offices in Cape Town, London, Mauritius and Abu Dhabi.

Those offshore funds include the China Red Fund, a Greater China hybrid portfolio that invests in single managers and in the secondary market. The multi-currency fund, which has