Paul Rubens has left Singapore-based hedge fund Black Horse, where he had served as COO, to join Franklin Templeton in the United States.

Black Horse runs three strategies, including an absolute-return Asia tech portfolio, a Vietnam fund with a private-equity element, and a long-only small-cap product. It got its start with an Asian long/short equities fund that has since closed.

Rubens’ role had revolved around operations and risk management. He worked there intermittently in Singapore from 2004, with a spell in the US.

Prior to Black Horse, he also ran from Tokyo the effort by Banc One Asset Management to create a regional investment business; and headed Taiwan-based joint-venture FarEast Alliance Asset Management, at the time a JV involving Far Eastern, Alliance Capital before its merger with Bernstein, and Sun Hung Kai (and today owned by Far Eastern and Deutsche Asset Management).

After 20 years in Asia, Rubens and his family wanted to return to their native US and own a home in San Mateo, near Franklin Templeton’s headquarters. His new role will see Rubens periodically return to Asia. He is overseeing the firm’s overseas asset management divisions, helping them with operational and product issues.

This will include involvement with the firm’s two China-related joint-ventures, with Sealand Securities and with China Life Insurance, as well as with its offices in Japan, India and Korea. Rubens will also have a role in other regions, such as Latin America.

“I’ll be working with the teams regarding anything related to investment performance, from research to trading,” Rubens says. His is a support role, as the local teams enjoy autonomy. In this capacity he reports to Steven Dover, managing director and CIO for local asset management, who is also based in San Mateo.