Semerci/Duet: Second life

It hasn’t taken Osman Semerci long to hop back on the gravy train. The former Merrill Lynch fixed income boss was fired last year when the US investment bank was forced to make massive writedowns on US mortgage-related investments. So far, the accumulated losses have reached $27bn, with rumours of more to come. But while his old colleagues struggle to pick up the pieces, Semerci is off to run London-based alternative asset manager Duet Group. Duet’s founders, Henry Gabay and Alain Schibl, both ...