|Dresdner Bank veterans Frederic Levy and Mathias Piardon are preparing to launch Noho Capital’s first hedge fund, which will follow a managed futures investment strategy. According to Reuters, Levy and Piardon previously worked together at Dresdner Bank where Piardon headed up Asia ex-Japan equity derivatives trading. Before becoming an equity derivatives trader at Dresdner, Frederic Levy worked at ABN Amro in Hong Kong and BNP Paribas SA.|
Noho Capital is based in Hong Kong and its investments are principally in Asian equity index futures. Levy and Piardon founded Noho in August of 2010 and plan to launch their hedge fund in the near future, with the hopes of having assets under management of $40mm by the end of the year. The article reports that the duo are very close to securing a seed investment deal for the fund.