Fund of hedge funds firm FRM has moved Marc Fisher from its L
FRM used to be a client of Fisher when he worked for Citi 10 years ago and helped to set up its fund derivatives marketing unit. He left Citi in 2008 to join FRM in
That particular business was named Principia which seeks to provide transparency, reporting and liquidity matching to those private client investors who are on the look-out for a fund-of-hedge-funds portfolio. Perhaps most significantly, the product -- which launched in August 2009 -- has institutional-type costs in that it does not charge a performance fee, a characteristic that helps to generate a lot of interest.
Fisher is responsible for another FRM product, Sigma, a fund of CTA/managed futures funds -- strategies he admits are a professional passion of his.
Therefore he has retained his global responsibilities for both the Sigma and Principia products, with the
Since his arrival this year, he has sought to build out the office, hiring Stacie Wang at associate level from Spanish firm BBVA, where she formerly worked in equity derivatives. At FRM Hong Kong, she reports to Sharon Pang and will work on the private bank distribution side.
Fisher plans to continue expanding the