Hedge Funds

KDC broadens menu of funds


New York-based Kellner DiLeo Cohen & Co. has added an emerging markets product to its hedge fund lineup. The firm hired Juan Bayuelo, formerly with HSBC Asset Management, as director of the new KDC Global Emerging Markets Fund. Bayuelo has been running the emerging markets strategy for the last two years under his own firm, Riomar Global, and only recently inked a deal to merge his fund under the KDC umbrella.

 Juan Bayuelo

The fund incorporates an absolute return strategy that primarily focuses on the less developed economies of Asia, Latin America, Eastern Europe and Africa.