Hedge fund plunders Lehman prime execs


Asian Investor – Hedge fund manager CQS has hired Michael Schulz and Laura Hui from the prime broking department of Lehman in Hong Kong.

Schulz is taking the post of risk manager for Asia at CQS. In Lehman’s prime broking unit, he was senior vice-president for portfolio financing and risk management. Between 2000 and 2005, he was senior vice-president for risk management at Lehman in New York, where he was head of market risk for global equities, and in Tokyo, where he was responsible for market risk regionally. Sandwiched between his two spells at Lehman, he helped set up Hong Kong fund of hedge funds firm Alphatraxx.

Joining him is Hui, who will be working as a relationship manager within CQS’s marketing and investor relations team. Hui was previously a vice-president in prime brokerage sales at Lehman Brothers Asia, having joined Lehman Brothers Tokyo in 2005.

With its remarkable output of hedge fund and fund of funds success stories in the last five years, Lehman Asia is very much becoming a ‘billionaires factory’ for breeding alternatives talent. Schulz and Hui follow in a long and distinguished list of Lehman executives joining the fund management industry in Asia, which includes Steve Diggle, Charle Peza, Huy Hoang, Paul Cuthbert-Brown, Paul Sheehan and ‘Billionaire Tom’ Picard.