Credit Suisse Asian Equities Chief Quits, Starts Hedge Fund

Tom Burroughes

12 May 2008

Mark Fuchs, the former head of equities for South East Asia at Credit Suisse, plans to start a hedge fund to trade shares of companies in the region after leaving the bank, said Bloomberg. The fund, which will be based in Singapore, will seek to raise a “significant” amount of money from investors both outside and inside Asia, Mr Fuchs said in an interview. Mr Fuchs said he will form the company with a Credit Suisse colleague, who was not named. Mr Fuchs made the announcement after his resignation took effect on 9 May. Hedge funds in Asia had a total estimated size of $160 billion at the end of 2007, a 21 per cent increase from the previous year, according to Eurekahedge, a Singapore-based company that tracks the industry. Mr Fuchs had worked at Credit Suisse in Bangkok for nine years.