Alternative asset manager Duet Group has recruited Michel Danechi and Kalim Aziz as fund manager and research analyst respectively, from Armajaro. The pair will launch the Duet Emerging European UCITS Fund in July with approximately USD100 million.

Duet believes that recent events in Eastern Europe and the broader region have created a very attractive entry point for the firm’s investors.
 
Duet Emerging Europe will add to Duet Group's strong emerging market and commodities franchise.  The EM range includes frontier, MENA and Africa funds as well as a range of frontier and emerging market private equity funds.
 
Danechi (pictured) says: “Duet Group has experienced tremendous growth and success in emerging and frontier markets.  We are excited to join Duet and extend the firm’s franchise into emerging Europe.  Our timing makes this even more interesting, since valuations there are extremely compelling, there are multiple opportunities in the region and a limited number of firms offering dedicated products in the region.”
 
Danechi has over 20 years’ emerging markets experience gained at Armajaro Asset Management, Lehman Brothers, Unicredit and Citibank.