Singapore hedge fund also ejected top BNP strategist hired in July

As we reported earlier this week, Southern Ridges Capital, the Singapore-based hedge fund founded by former BlueCrest portfolio manager Mohit Khurana, has been cutting staff after losing money in August. 

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The six portfolio managers who were cut since August seemingly include various others, some of whom are thought to be in New York. They also include Sid Mathur, a macro strategist who only joined in July.

Southern Ridges and Mathur didn't respond to a request to comment, but multiple sources said Mathur has been let go. He's understood to be looking for a new role. 

Mathur previously spent five and a half years at BNP Paribas in Singapore, where he was head of APAC macro strategy and emerging market research. Prior to that, he was at Citi for a similar amount of time. 

Mathur's almost immediate exit appears to have more to do with Southern Ridges than with him, and is a reminder that hedge fund jobs can be a dangerous option.

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