SPX Capital loses key Singapore traders amid broader global restructuring
Brazilian hedge fund SPX Capital has lost its two main portfolio managers in Singapore as the firm continues to reshape its global operations following a period of weaker performance and investor outflows, according tp a report by Bloomberg.
Brazilian hedge fund SPX Capital has recently lost two of its key portfolio managers in Singapore as the firm undergoes a major restructuring of its global operations, according to Bloomberg reports. Predee Anuvatnujotikul and Garret Mallal, two senior portfolio managers from SPX Capital Management Singapore, ceased their association with the firm in June and August, respectively.
SPX Capital has also seen key trader Soh Yang Yao leave the company earlier this year and join rival hedge fund Marshall Wace. William Bethlem, the former chief executive of SPX's Singapore operation, has since relocated to New York and is no longer the firm's financial representative in Singapore. Elsa Yachita, formerly William Bethlem's deputy, took over the position in January.
SPX Capital did not comment on the matter. The departures are part of the firm's broader review of its international business, with several long-serving portfolio managers exiting recently and the London operation reportedly being wound down. SPX Capital managed more than $9 billion as of June 30, according to its website, making it one of Brazil's largest hedge fund managers with a peak asset size of around $15.5 billion.
Written by urgent.news from Hedgeweek's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
