Nevsky thought not to seek replacements for hedge managers

The directors of Nevsky Capital's $3.3bn hedge fund are thought not to be actively planning to recruit replacement managers when incumbents Martin Taylor and Nick Barnes step down in 12 months.

The duo, two of the best known and most experienced long/short investors in emerging markets, have given shareholders 12 months' notice of their intention to step down from their hedge fund duties. Taylor says the decision was "in the best interests of all shareholders [and] we look forward to continuing to manage Nevsky Capital's long-only mutual fund business with our team of emerging market specialists." Michael Warren, investment director at Thames River Capital, of which Nevsky is an affiliate, says they will carry on running about $4bn in three long-only funds at Nevsky. One of ...