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ON THE MOVE / ALTERNATIVE INVESTMENTS NEWS

Andrew Sykes

, head of alternative investments and private banking at Schroders, is leaving after 25 years at the London-based firm. He will stay on until March 2004 and then pass on his responsibilities for hedge funds, structured products and private equity.

Avinash Persaud

, who worked as global head of research at financial services group State Street, will join fund of hedge fund manager Global Asset Management. Persaud is expected to launch a currency fund at London-based Global, as it seeks

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