In a double blow, UK multi-family office Fleming Family & Partners has lost the services of two of its partners in its former emerging markets hedge fund business.

Star manager Klaus Bockstaller, previously FFP manager of two emerging market long/short hedge funds, is set to run Pictet's European, Middle East, African and Latin American desks. He will also co-lead its global emerging markets equities portfolios. Prior to arriving at FFP Bockstaller worked for Baring Asset Management. In emerging markets, he will work alongside Nidhi Mahurkar.