Launches & Closures

Star trader Fuchs readies multi-strat fund spinout


Benjamin Fuchs

Nomura star trader Benjamin Fuchs’ much anticipated spinout vehicle is understood to be close to launch with the final team being put in place, and James Singh, until recently the head of Asian business for Gottex, coming on board as COO.

This is expected to be one of the biggest launches in Asia in 2011, and is well-positioned to launch at – or close to – $1 billion, as the multi-strategy fund’s internal assets alone are said to be well over $600 million, generated purely from performance on Nomura’s seeding of $300 million