Former Merrill Exec. Plays First Fiddle With Duet Group

Apr 9 2008 | 11:48am ET

Osman Semerci, Merrill Lynch's former global head of fixed income who was fired in October amidst massive write-downs in the firm's fixed-income business, has resurfaced as a partner at a London-based alternative asset manager.

Semerci has been hired as CEO of the Duet Group, where he will be responsible for building the firm’s structured products division. At the same time, founding partners Alain Schibl and Henry Gabay will focus on expanding the firm’s hedge fund and private equity businesses, respectively.

“His appointment, along with the corporate changes we are announcing, formalizes our business structure,” said Gabay. “Osman's experience will be a powerful addition to the development of Duet. On a more personal note, we have known Osman for a number of years, and he is a great fit within our business culture.”

Duet was founded in 2002 and currently manages more than $1.7 billion in private equity, hedge funds and long-only funds.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…