ABS Investment Management, the rapidly-growing US fund of hedge funds manager, has completed its hedge fund analyst team with the hire of Donald Leung from Citigroup Asset Management.

Leung's arrival has brought the firm's analyst team to six. ABS, which was launched in January last year, now has $580m (€470m) under management and employs 10 hedge fund specialists. Investors are following the firm's founders, Alain De Coster and Laurence Russian, who managed a $3bn hedge fund portfolio for Credit Suisse First Boston.