Imran Hussainmet C. Mead Welles in the mid-1990s, when both were traders at Cargill Financial Services International in Minneapolis. Welles went on to launch hedge fund firm Octagon Asset Management, and Hussain joined $3.9 trillion, New York–based asset manager BlackRock in 1998. There he became head of emerging-markets debt and currency portfolios, co-managed the global bond portfolios and ran an emerging-markets strategy within the firm’s Obsidian hedge fund. When Hussain, 47, who has an MBA from New York University and attended the United Nations International School in New York, decided to launch his own hedge fund firm, he reached out to Welles, who had shut down Octagon after the 2008 financial meltdown. The two set up Infineon Capital Management, which combines top-down macro and bottom-up fundamental approaches to investing, to capitalize on debt-heavy emerging-markets countries’ recent tendency to behave more like developed markets. With Hussain as CIO, New York–based Infineon is set to start trading in the third quarter. |
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