Duet Asset Management prepares to launch new commodities hedge fund
LONDON (PRWEB) December 8, 2010 – Duet Asset Management, the London-based alternative asset manager, is preparing to launch a new commodities hedge fund by hiring Tony Hall and Arno Pilz.
Tony Hall is the global head of distillates oil trading at Credit
Suisse-Glencore, one of the world’s largest commodity partnerships and has previously worked as an oil trader focusing on the bank’s commodity at Deutsche Bank.
Arno Pilz brings his commodities expertise as the former global head of metals trading at UBS and Lehman Brothers.
A string of high-profile departures of senior traders have been taking place, as they anticipate the effects of the new banking regulation, which would ban proprietary trading operations in the U.S., while Europe traders face pay curbs. In July, European lawmakers pushed for tight restrictions on banker bonuses.
Duet Group CEO, Osman Semerci said, “we are glad to have Tony and Arno join Duet.”
BACKGROUND ON DUET
Duet Group was founded by Henry Gabay and Alain Schibl in June 2002 in London. Osman Semerci joined as CEO in 2008. Duet is a London based alternative asset management company managing over US$2.3 billion of equity as of the 1st of September 2010, across three business areas: Hedge Funds, Real Estate and Fund of Hedge Funds.
Duet Group employs 73 professionals in London, New York, Tokyo, Singapore, New Delhi, Dubai and Istanbul.