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