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Scott Licamele joins Red Star Asset Management

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Scott Licamele, former vice president of equity research sales at Renaissance Capital, has joined hedge fund Red Star Asset Management, where his responsibilities include emerging markets equity research and business development.

He is based in Greenwich, Connecticut.

Prior to working at Renaissance Capital, Licamele headed up North American equity sales and trading for Russia’s Alfa Bank in New York. He also marketed Alfa Capital Partners private equity fund to North American clients.

James Fenkner, Red Star Asset Management’s managing director, says: “Scott brings new energy and depth of experience to the management team. His experience in emerging equity markets, particularly in the commodity-focused former Soviet Union, substantially enhances the firm’s research and stock selection capabilities.”

Licamele says: “Our strategy is based on three principles. First, global demand for commodities, particularly China’s, will be supportive of commodities prices during the next decade. Second, America’s unprecedented expansionary fiscal and monetary policies will significantly weaken the dollar over the long-term, bolstering the price of dollar-based commodities. Lastly, numerous commodity sector stocks offer tremendous upside – specifically those large and growing companies which are under-represented in market indexes.”

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