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Mr. Patelis, 38, will be based in London, analyzing macro economic developments and building up research capabilities for PSQR, recently formed by former Paulson & Co. hedge fund manager Paolo Pellegrini.
"Alex has one of the sharpest financial minds I've ever run across," said Pellegrini, president of PSQR. "I've known Alex and his work for some time. His original insights on the global economy and his well-reasoned analyses will be a tremendous asset to our firm and investors."
"This is an extraordinary opportunity to join with one of the truly original thinkers in investing to build a new firm, and I couldn't be more delighted," Patelis said. "Given the remarkable dislocations in the global economy, and the adjustments that are likely to occur in the coming years, whether it's increasing competition for global resources from China's domestic demand or the fallout from monetary, fiscal and trade policies in the G-7 countries, the timing is perfect for the type of fundamental macro investing at the heart of PSQR's strategy."
About Mr. Patelis:
Prior to joining PSQR, Mr. Patelis was a managing director for global research at Merrill Lynch in London. In 2006 he took charge of the International Economics group, managing forecasts and strategies spanning developed and emerging economies in Europe, Asia and Latin America. His teams formulated Merrill's outlook for central banks, foreign exchange, local currency, external debt and bonds, translating them into investment strategies for corporate, institutional and high-net-worth clients. Mr. Patelis led the creation of the MER global macro portfolio, consisting of analysts' strongest actionable trading ideas across the gamut of interest rates, currencies, commodities, equities and debt. Mr. Patelis has also worked at Citigroup, Goldman Sachs and as an advisor to the governor of the National Bank of Greece.
Mr. Patelis holds a PhD in Economics from Princeton University, where he wrote his dissertation under current Federal Reserve Chairman Ben Bernanke, on "Asset Returns and Monetary Policy." He earned his BA in economics with mathematics at Sussex University, UK.
About PSQR:
PSQR was founded in January, 2009, by Paolo Pellegrini to pursue fundamental macro investing, seeking opportunities in everything from commodities and debt to currencies buffeted by changes in the global economy. Mr. Pellegrini previously co-managed the Paulson Credit Opportunities funds. These funds followed a strategy that successfully predicted the subprime mortgage collapse.
SOURCE: PSQR Management LLC
Media: Rubenstein Associates, Inc. Josh Hamilton, 212-843-8304 jhamilton@Rubenstein.com or Ming Lee Hatch, 212-843-8019 mhatch@Rubenstein.com
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