Australia’s H3 Hires For European Expansion

Nov 19 2010 | 6:34am ET

Australian hedge fund H3 Global has hired a Macquarie Group veteran as part of a plan to boost its assets under management.

Tom Furlong, who will be based in London, will set up H3’s European time zone operations, Bloomberg News reports. He’s also charged with building new trading strategies for the A$325 million firm, which manages a commodities fund.

The five-year-old firm has enjoyed annualized returns of 10.1%.

Furlong previously worked at Macquarie and Liquid Capital Markets.

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