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Absolute Capital Names New Distribution Head

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SYDNEY, Australia (–Absolute Capital Group Ltd. hired Brian Long as head of distribution for Australia and New Zealand.

Mr. Long, previously head of sales and marketing for BNP Paribas, will be responsible for distributing the firm’s multi-manager hedge funds and debt products to institutional and retail investors, according to a news release from Absolute Capital.

Deon Joubert, Absolute Capital’s managing director, said Mr. Long’s industry experience would play an important role as the firm expands its business.

“As a company which is focused on providing innovative products, we are looking to expand our offerings to investors this year and we see Brian as playing an integral role in the rollout of these products,” Mr. Joubert said.

Mr. Long said he hoped to put his 20 years of experience to good use.

Absolute Capital recently launched the first collateralized debt obligation fund in Australia. The firm also recently saw ABN AMRO purchase a 50% stake in the company (seePrevious HedgeWorld Story).

Absolute Capital has A$262 million (US$192 million) in assets under management in five fund of funds products.

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