Prop traders set up Asia macro fund

Two investment bank proprietary desk traders, Ian Emmett and Julian Reis, have set up their own firm, Pagoda Advisors, in Singapore and will soon launch their first fund, the Pagoda Macro Fund. The new fund will have an Asian focus and will invest in relative value strategies, local currency markets and local currency fixed income. The fund's focus on relative value strategies, on Asia and its managers' technical experience differentiates it from peers, the principals believe. Pagoda…