Paul Smith exits Triple A for CFA Institute

Paul Smith is stepping down as director of Triple A Partners, the firm he established in 2007, to join the CFA Institute as managing director of Asian operations. Triple A began as a hedge-fund seeding business, but investor appetite for Asian hedge funds has been poor since so many funds underperformed during 2008-2010. Global investor appetite for risk has also shrivelled, to the detriment of the region’s hedge fund industry. Since then Triple A has oriented itself primarily a…