Graticule, BFAM add managers amid hedge-fund industry’s turmoil

HONG KONG (May 18): Graticule Asset Management, BFAM Partners and Nine Masts Capital are among Asian hedge-fund firms hiring senior managers after boosting assets in an industry that’s suffered from investor outflows.

Graticule, Adam Levinson’s US$4.5 billion ($6.2 billion) Singapore-based macro hedge-fund firm, recruited Jonathan Candy from BlueCrest Capital Management as chief executive officer, according to a person with knowledge of the matter and a regulatory filing. BFAM, the US$1.8 billion hedge fund firm led by Benjamin Fuchs, hired Eugene Fung from Credit Suisse Group AG to run credit investments, its March newsletter to investors showed.

Benoit Meulot, who until earlier this year was a global equity derivatives manager with Grupo BTG Pactual’s hedge fund unit in Hong Kong, joined Nine Masts’ investment team, according to a person with knowledge of the matter and licensing records. Izzy Englander’s US$34 billion Millennium Management hired Joo Han Lua and Liu Xuan as Singapore-based fund managers from Steven A. Cohen’s Point72 Asset Management, said a person with knowledge of the matter.

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