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Komfie Manalo, Opalesque Asia: Hedge fund executive Ted Seides will not be joining Credit Suisse after all.
In a report, Reuters said that Seides had resigned from Protégé in June with the aim of joining Credit Suisse on Oct. 1 and run a hedge fund platform there.
"As we worked through the details over the last three months, we hit a snag in reconciling conflicts between my departure at Protégé and my arrival at Credit Suisse," Seides wrote in a note on Wednesday. "The complexities of the transition led me to take a pause, reassess, and conclude that I wanted some more time and space before diving into my next adventure."
He also wrote he was considering starting his own investment firm, or even joining a large direct investment firm in a senior role. Seides confirmed the note with Reuters.
Seides co-founded the $2bn Protégé Partners, which invests in smaller hedge funds and emerging managers, in 2002 and was its co-chief investment officer. He should remain a non-voting member of Protege’s investment committee, according to Bloomberg.
Seides was supposed to join Credit Suisse Asset Management and work with Mino Capossela, who heads the bank’s liquid alternative investment units, and Bob Jain, who heads the global a...................... To view our full article Click here
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