Magides sets up Artradis

The former COO of RHB Securities in Malaysia and Lehman''s ex-head of emerging markets have set up an Asian hedge fund.

In one of the prevalent trends of our time, another broker has jumped to the buyside. Richard Magides, the old Malaysian hand who ran RHB Securities for Rashid Hussain as COO,has moved to Singapore to set up Artradis, a hedge fund.

He has been joined by four others, including a former head of a top investment bank's emerging market business, who will relocate to Asia from London.

Artradis will be a market neutral fund that will adopt different strategies in order to make an absolute annual return in the region of 20%. The Asian markets cover a wide range of sizes and liquidities, says Magides and a common feature is that, of all the...

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