David Helm, the London-based CEO of Sofaer Capital, is stepping down at the end of September, following a move by the firm to concentrate its operations in Hong Kong. In a letter to investors, he said it would be “impractical” to divide his time between London and Hong Kong as he had initially intended.
Helm is “considering various options”, but plans to remain in the hedge fund industry, he added. Sofaer has not yet named a replacement for Helm, who joined the firm in 2008 from London-based Odey Asset Management.
Sofaer’s London operation was recently reduced to a