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December 23, 2024
PI Global Investments
Hedge Funds

Ex-UBS Banker Starts Hong Kong Hedge Fund Viridian Betting on Deal Rebound


A former UBS Group AG banker is launching a new hedge fund in Hong Kong, betting on a revival of stock sales in Asia that have plunged to a decade low.

Pascal Guttieres said a European insurer is close to inking a multi-year deal to back his Viridian Asset Management with $150 million. He expects to start trading in the summer, pending regulatory approval, with as much as $400 million of capital and 12 employees, including Chief Operating Officer Arnaud Carcel, formerly of Axa Investment Managers.



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