Launches & Closures

Duet hires Macquarie duo for EM macro launch, taps SocGen trading head to run commodity fund

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Duet Group, the $2 billion London-based alternative asset manager led by Alain Schibl and Henry Gabay, is expanding its activities with the launch of a new emerging markets macro fund and the hiring of a new team to run its existing commodities strategy.

David Dali has been appointed as the chief investment officer of the new Duet Emerging Markets Macro Fund, which will start trading on 1 November and will deploy macro-driven strategies focusing on credit spreads, local rates, currencies and equities.

Dali, who has worked in emerging markets since 1989, was previously managing director and head of