People Moves

Hybrid portfolio specialist Skybound gets new CIO


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