Following a year in which funds of hedge funds recorded an average negative return of 20%, a new fund called Stockade Asian Trading Strategies hopes to come out ahead by not touching long-biased strategies.
Paul Absalom is launching the Singapore-based fund of funds and takes the role of CIO and CEO. He is a veteran of HSBC where he was head of hedge fund and central bank sales and helped to establish the bank's Asian special situations business. Before then he worked at Goldman Sachs in the fixed-income and commodities department. Immediately before starting Stockade, Absalom ...