Credit Suisse Hiring Nomura’s Velakacharla

November 23, 2014 James Heinsman Hedge Fund News

International Commerce Centre 201008

International Commerce Centre is the tallest building in Hong Kong and houses the offices of Credit Suisse

Credit Suisse, the second largest prime-broker in Asia with an important presence in the region’s hedge fund industry, persuaded veteran Nomura Holdings hedge-fund exec Aditi Velakacharla to jump ship and board their hedge-fund vessel.

Velakacharla will be tasked to run Credit Suisse’s Hong Kong-based group which matches its Asian hedge fund clients to possible investors. She is a popular figure in the world of Hong Kong hedge funds, formerly employed as the regional head of capital introductions at Lehman Brothers. When Lehman’s Asian division was acquired by Nomura in a takeover deal in 2008, Velakacharla went along.

Asian hedge funds have been doing well this past year. As more overseas investors look into Asia as a growth region they are taking more of an interest in the better-performing funds. By the end of the third quarter 2014 hedge funds with stakes in Asia, not including Japan, rose by 6.6 percent, compared to a 5.3 percent gain for North American hedge funds.

“2014 has been the most significant year for new hedge fund launches for a long time with many of them raising meaningful capital,” said Myo Schollum, Credit Suisse’s head of prime services coverage for Asia Pacific.

Aditi Velakacharla, Asian Hedge Funds, Credit Suisse, Myo Schollum, Nomura Holdings,

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