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Absolute Capital Hires Head of Hedge Fund Investments

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SYDNEY, Australia (–Absolute Capital Group Ltd. hired Andrew Grauberg as head of hedge fund investments.

In a statement, officials at the investment management firm said Mr. Grauberg would oversee management of Absolute Capital’s hedge fund products, which include A$262 million (US$185.3 million) in assets spread over five funds of funds. He also will oversee design and development of future absolute return products.

Deon Joubert, Absolute Capital’s managing director, said Mr. Grauberg’s quantitative skills would make for a good fit. Mr. Grauberg previously held “senior asset management positions” in Russia, Scandinavia, the United Kingdom and Switzerland, according to a statement from Absolute Capital. The statement did not specify for which firms Mr. Grauberg worked, and that information could not be obtained by press time.

“Andrew’s quantitative techniques will allow us to screen more hedge funds than previously and to carry out further research and due diligence, allowing us to cover more ground more efficiently,” Mr. Joubert said in a statement.