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Feb 13 2013 | 1:37pm ET
Hedge fund Duet Asset Management has launched a Latin American joint-venture with two former bank executives.
Duet Latin America unites the London-based hedge fund with CG Capital, founded by former Credit Suisse Latin America investment-banking head Pedro Chomnalez and former Barclays emerging-markets trading chief Diego Gradowczyk.
"Latin America is a strategic region for Duet, and this partnership with Diego and Pedro, two of the most experienced professionals in the region, will allow us to increase our asset management capabilities in emerging markets," Duet founder Henry Gabay said.
The joint-venture's maiden fund, Merchant Opportunity, will invest in non-financial assets and private equity in the region. It may also be given a hand in running Duet's existing Emerging Markets Real Estate Debt Fund.