Ex-Credit Suisse private bankers launch hedge fund

Winners of FinanceAsia''s model portfolio game set up a Singapore-based global macro fund.

Ex-Credit Suisse asset allocation strategist Dr. V. Anantha Nageswaran and his two ex-colleagues from the private banking team will launch the Singapore-based Libran Global Macro Fund during the fourth quarter of this year. While at Credit Suisse, Nageswaran made the calls on global asset allocation that helped the Swiss giant win FinanceAsia magazine's model portfolio game against three competing private banks in 2003.

I felt that winning FinanceAsia's model portfolio game against other competitors really vindicated our approach, says Nageswaran.

Nageswaran says that the fund is set to kick off with $5 million to $15 million from friends, family and acquaintances.

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