Duet Group has appointed Eric De Candia chief executive of Duet Alternative Investments, its fund of hedge funds platform.
The Duet division has also appointed Karim Khimji as chief investment officer for Europe and Douglas Morse as chief investment officer for the US, with both reporting to Mr De Candia.
Prior to joining Duet Group, Mr De Candia was co-founder, president and principal of AltEdge Capital Management, where he was also a member of the investment committee and head of business development. From 1999 to 2003 he was the chairman and principal of Intosoft.
Between 1990 and 1999, he worked at Credit Suisse First B
Osman Semerci, CEO of the Duet Group, a global financial group specializing in alternative asset management, is delighted to announce Vladimir Kitaygorodsky as CEO of Duet USA and the launch of Duet’s New York office. Mr. Kitaygorodsky will be the responsible for establishing the firm’s asset management capabilities in the United States within the hedge fund and private equity space, as well as promoting its distribution capabilities.
Prior to joining the Duet Group, Mr. Kitaygorodsky was a senior vice president and founding member of the Institutional Equities Group at UBS, where he covered global equity markets and was responsible for developing and managing senior client relationships with major investors in the United States. During his time he built one of the most highly regarded distribution teams.
Duet Group on CNBC
August 20, 2009
African Banks Dodge Crisis
Africa’s banking system was isolated from the worst of the financial crisis, Ayo Salami from Duet Victoire Africa Index Fund told CNBC Thursday. Salami currently favors African brewers, cement companies and telecoms companies.
The Fund Will Use a Combination of Directional, Relative Value and High Frequency Trading Strategies
Osman Semerci, CEO of the Duet Group, a global financial group specializing in alternative asset management, is pleased to announce the launch of the company’s Central Eastern European, Emerging Market, Multi-Strategy Fund, also known as the “Duet CEE Fund”. The Fund will use a combination of directional, relative value and high frequency trading strategies.
Osman Semerci and Duet Group Announce Acquisition of New Star Assets with Launch of Active Africa Fund
June 25, 2009
The New Fund Seeks to Deliver Consistent Capital Appreciation Through Active Management in the Value of Fund Assets
Osman Semerci, CEO of the Duet Group, a global financial firm specializing in Alternative Asset Management, announced today the firm has launched its Duet Africa Opportunities Fund after raising fresh capital for the strategic acquisition of assets in New Star’s Heart of Africa Fund. This new fund seeks to deliver consistent capital appreciation through active management in the value of fund assets.
Duet Victoire Africa Index Fund
June 11, 2009
Ayo Salami discusses the Duet Victoire Africa Index Fund in the FT.
Osman Semerci, Duet Group CEO, Announces the Launch of the First Multistrategy Hedge Fund in the MENA Region
May 21, 2009
OSMAN SEMERCI, DUET GROUP CEO, ANNOUNCES THE LAUNCH OF THE FIRST MULTISTRATEGY HEDGE FUND IN THE MENA REGION
The new fund will target both equity and fixed income markets in the MENA region and will be managed by Duet Mena Limited.
Dubai, UAE — 21 May 2009 — Osman Semerci, CEO of Duet Group, a global financial group specializing in Alternative Asset Management, announced today the launch of the first MENA multistrategy hedge fund “Duet MENA Opportunities Fund”. The new fund will target both equity and fixed income markets in the MENA region and will be managed by Duet Mena Limited, a DIFC licensed asset manager.
Rabih Sultani, Chief Investment Officer, will manage the fund under the leadership of Hedi Ben Mlouka, Chief Executive Officer of Duet MENA. Rabih brings over 9 years of fund management and research experience across equities and fixed income. The investment team has one of the longest established track records in the Middle East.
Hedi Ben Mlouka said: ‘The current unfolding crisis has created unprecedented opportunities in global markets. Such opportunities appear to be even more eye-catching in the MENA region, and we, Duet Group, are well positioned to take advantage of these prospects for our clients. I am pleased to announce that Duet’s commitment to the Middle East has led to the allocation of significant capital to the fund from existing shareholders and clients’.
The Fund will deploy three main investment strategies: Conviction, Relative Arbitrage and Opportunistic trading. These will be premised on pricing dislocations and valuation imbalances that are created from time to time under the influence of economic, political and capital flow factors.
The fund is unique in that it operates in both Equity and Credit markets while applying a rigorous risk management process. The investment process is based on fundamental, quantitative and technical factors to identify trades offering a favorable risk-return profile, while capital will be dynamically allocated across these strategies as opportunities change’, said Rabih Sultani.
Duet Group is a client-focused financial group specializing in Alternative Asset Management that is dedicated not only to generating superior investment returns, but also to delivering risk management, transparency and client service required by sophisticated investors. Duet Group was founded by Henry Gabay & Alain Schibl in June 2002 in London and has USD 2 billion of equity under management. Osman Semerci joined as Duet Group CEO and Managing Partner in April 2008.
For more information, please contact Yazid Ben Salem on ybensalem@duetgroup.net or visit our website www.duetgroup.net
Osman Semerci’s Duet Snaps up Africa Fund
May 6, 2009
Duet Group on CNBC
April 17, 2009
Duet Asset Management’s Alain Schibl discusses portfolio diversification on CNBC – March 25, 2009.
Diversification is key and investors should structure their portfolio for “all weathers,” Antony Williams from Evolve Financial Planning told CNBC. Alain Schibl from Duet Asset Management joined the discussion.
Semerci’s Duet snaps up Africa fund
April 6, 2009
Duet Group, the boutique fund manager led by Osman Semerci, the former head of fixed-income at Merrill Lynch, has bought a defunct Africa fund run by New Star Asset Management as it bids to expand its business in emerging markets.
Duet plans to increase its headcount to accommodate the Heart of Africa fund and will also hire additional staff for its newly-opened offices in Dubai, Japan and Asia, according to Salami.
Duet Group appointed Osman Semerci, the ex-global head of fixed income at Merrill Lynch, as chief executive a year ago. The group mainly manages money for institutional investors and grew its assets under management from $1.8bn (€1.3bn) to $2bn over 2008.
Full Story: efinancialnews
