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September 29, 2003 at 08:00 PM
LONDON (HedgeWorld.com)–Laurent Leclercq has been hired to head the sales effort for Standard Asset Management’s long-only and hedge fund offerings in Europe, the Middle East and Asia.
Mr. Leclercq will be in charge of building up the sales of the firm’s emerging market debt hedge fund, South African long/short equity fund, and its structured notes offerings, primarily catering to private client banks, pension funds, funds of funds and family offices.
Standard Asset Management, a division of Standard Americas Inc. and Standard Bank London Ltd., offers a South African hedge fund and a structured notes platform that each boast US$30 million in assets, said Mr. Leclercq. Most of the firm’s assets are in emerging market strategies that consist of a US$50 million long/short equity hedge fund investing only in emerging market debt and a 30 million euro (US$34 million) version of that same strategy that has gained a three-year track record.
Previously, Mr. Leclercq was responsible for institutional sales at Sinopia, the quantitative and structured asset management division of HSBC Group, which he left in August. He joined Standard Asset Management after the firm built up third-party assets under management in Europe, especially taking on pension and hedge fund mandates.
