New manager at helm of JF hedge fund

Miles Geldard has replaced Roger Ellis at the Asia Absolute Return Fund.

Miles Geldard, managing director of fixed income and balanced funds at JF Asset Management in Hong Kong, has taken over running the firm's $160 million JF Asia Absolute Return Fund. He replaces Roger Ellis, the firm's CIO, who has just departed. Piers Litherland is the new CIO.

Geldard's derivatives and currency experience made him the man to fill Ellis' shoes. Ellis had managed the fund since October, 1998, and enjoyed consistent positive returns. Ellis was also...

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