Saka Hires Carne For Directorship Services

Mar 2 2010 | 4:15am ET

Young hedge fund Saka Capital is boosting its governance bonafides.

The Singapore-based credit shop, which was founded last summer, has hired Carne Global Financial Services to provide directorship services. Peter Heaps, managing director of Carne Cayman Islands, where Saka’s Liquid Credit Fund is domiciled, has joined the fund’s board as a non-executive director.

“We recognize the importance of having robust corporate governance systems in place while delivering strong performance for our investors. Both are now essential in today’s competitive landscape,” Saka founder Assan Din said. “Carne is a well-known adviser in this field and is closely aligned with our objectives for satisfying investors’ requirements.”

Din is a co-founder of R3 Capital Management, the credit hedge fund acquired by BlackRock last year. He ran Lehman Brothers’ credit-trading business in Europe and Asia until 2006.

Saka focuses on corporate bonds and derivatives in Asia.


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