From the Opalesque team: According to Swiss newspaper Le Temps, Aziz Nahas, CIO at Lombard Odier Darier Hentsch & Cie (LODH) said in a forum organised by the bank in Geneva last week that the hedge fund industry may lose up to a third of its assets in 2008.
Nahas used to be manager at Dillon Read Capital Management, which internal funds were liquidated in May 2007. He had distanced himself by realising very good performance. After that, he launched, together with Hubert Keller, the hedge fund 1798 Global Partners, named after the year LODH was founded.
The fund is run by a team in New York and started marketing itself in April 2008. Nahas hired four of his former colleagues from Dillon Read the following month.
Nahas forecasts a generally lower appetite for complex financial products. But two kinds of hedge funds will survive the crisis: lightwe......................
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