Ex-Credit Suisse Southeast Asia Head Plans Hedge Fund

Feb 18 2009 | 1:06am ET

A former top Credit Suisse executive is preparing a Southeast Asian hedge fund for launch.

Mark Fuchs, the former head of equities in the region for Credit Suisse, expects the fund to debut in March or April, Hedge Funds Review reports. The new fund will utilize a long/short equity strategy, focusing on countries in the Association of South East Asian Nations, including Singapore and Vietnam. The fund plans to add some barely emerging markets in the future, such as Cambodia.

The new fund will cap leverage at 200%, with typical gross exposure of approximately 140%. It is unclear how large the fund, which also lacks a name, will be at launch.

Fuchs is the founder, CEO and chief investment officer of Fuchs Capital Partners. His former colleague a Credit Suisse, Winston Loke, also works for his eponymous venture. Loke is a former chief operating office of Credit Suisse’s Asia-Pacific equities division. Fuchs also employs Mark Maroongroge, former portfolio manager at HBK Capital Management.

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