Newscape Adds Former Aberdeen Exec. To Top Ranks

Nov 2 2009 | 12:06am ET

Investment boutique Newscape Capital Group has continued its expansion with the appointment of another ex-Aberdeen Asset Management fixed-income investment specialist.

Leonardo Da Costa joins Newscape’s core investment team in London as a portfolio manager where he will work alongside chief investment officer Derek Fulton, with whom he worked previously at Aberdeen.

Most recently, Da Costa was with Hydra Capital Management where he was a portfolio manager on the firm’s long only, long/short, and arbitrage emerging-market fixed-income strategies. Prior to Hydra, he helped manage over $2.5 billion of emerging market fixed-income assets at Aberdeen.

In his new role at Newscape, Da Costa will conduct macro-economic analysis as well as producing interest rate and yield curve views with specific responsibility for local currency emerging market debt investments.  He will also contribute to the asset allocation process for Newscape’s discretionary fund management service.

The news follows the recent announcement that Credit Agricole Asset Management’s pensions’ industry veteran Paul Molere has joined Newscape as a board director and head of the firm’s European institutional business. 

“Leonardo’s appointment adds great depth and further breadth to our investment capabilities, especially given his emerging market experience,” said Stephen Decani CEO of Newscape. “The fact that Lenny and our CIO Derek Fulton have worked together previously at Aberdeen and have a great working relationship is an added bonus. This is firmly in-line with our aim of building a cohesive world-class team.”

Newscape’s core asset management business focuses on fixed-income and multi-strategy portfolios for institutional and discretionary clients. The firm also runs an alternatives division which focuses on emerging markets, private equity and special situations.

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