HONG KONG, July 19 Former chief executive of
Mizuho Securities Asia Ltd, John Paul Armenio, has joined Hong
Kong-based hedge fund start-up Expedition Advisors as a managing
Craig James, Expedition's founder and former head of Asian
trading at New York-based hedge fund AM Investment Partners,
confirmed the appointment to Reuters.
Expedition, backed by New York-based Protégé Partners LLC,
started trading on May 23.
The fund is among 32 news Asia hedge funds estimated by
industry tracker AsiaHedge to collect a combined $2 billion in
the first half of the year, an increase of 50 percent over the
capital raised in the previous six months.
Armenio, known to James for the last 15 years, had joined
Mizuho Securities Asia as chairman and chief executive in 2009
from Morgan Stanley where he had worked since 1995.
Kam Bahra, former chief executive of Sparx Asia Investment
Advisors, whom Expedition hired as chief operating officer
earlier in the year, will report to Armenio.