Sofaer CEO Helm Says So Long

Sep 17 2010 | 1:14am ET

Sofaer Capital, which has reduced its London presence to bare bones, is losing its British-based CEO.

David Helm plans to leave the Hong Kong-based and focused firm at the end of the month. Despite the firm’s sale of its European business to Martin Currie earlier this year, leaving only a small research team in the U.K., Helm had planned to remain with the firm, dividing his time between London and Hong Kong. But he now says he is not cut out for such a “nomadic existence.”

“I have realized that this will prove impractical and I am not in a position to relocate my family to Asia,” he wrote to Financial News.

Helm joined Sofaer two years ago from Odey Asset Management. He said he is “currently considering various options by invariably staying in the hedge fund environment.”

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