Former Asia pair join Liberty

Ian Cadby and Jonathan Wauton, the duo who formerly ran the Cadby Wauton Asia hedge fund together, have joined Liberty Ermitage.

Cadby is a member of the Group Executive and responsible for the single manager hedge fund programme at Liberty Ermitage. Wauton brings 15 years experience in equity derivatives sales, while working at director level at firms such as James Capel, BZW, Citibank and Commerzbank.

Wauton said: "What better 'insiders' can an institution have than employing ex-hedge fund traders?

"The benefit of employing traders who implicitly understand arbitrage and directional trading strategies, and systems for both investors and hedge fund managers is clear.

"For the investors in the funds, it helps ensure that thorough due diligence is carried out on the hedge fund managers and for the hedge funds themselves, they are undoubtedly happier working with professionals who understand what they are doing."