Scott Licamele, former vice president of equity research sales at Renaissance Capital, has joined Greenwich, Conn.-based hedge fund Red Star Asset Management.

In his new role, Licamele will be responsible for emerging markets equity research and business development.

Prior to working at Renaissance Capital, Licamele headed up North American equity
sales and trading for Russia’s Alfa Bank in New York. He also marketed Alfa Capital Partners private equity fund to North American clients.

“Scott brings new energy and depth of experience to the management team,” said James Fenkner, managing director of Red Star Asset Management. “His experience in emerging equity markets, particularly in the commodity-focused former Soviet Union, substantially enhances the firm’s research and stock selection capabilities.”

Licamele, who has lived in Russia and Ukraine for over five years and is fluent in Russian, said, “Our strategy is based on three principles. First, global demand for
commodities, particularly China’s, will be supportive of commodities prices during the next decade. Second, America’s unprecedented expansionary fiscal and monetary policies will significantly weaken the dollar over the long-term, bolstering the price of dollar-based commodities. Lastly, numerous commodity sector stocks offer tremendous upside – specifically those large and growing companies which are under-represented in market indexes.”