An award-winning Australian hedge fund manager is setting up shop in the US with a Manhattan office and new local and international hires. NWQ Capital Management, based in Perth and led by managing partners Jonathan Horton and Stuart McClure, has appointed former Bank of Tokyo-Mitsubishi UFJ director Robert Kalish as managing director, international. Kalish will drive NWQ's US operations - in particular, delivering the recently-announced offshore version of NWQ's flagship Fiduciary Fund to a US client base. The multi-manager Fiduciary Fund aims to achieve returns between 8% to 11% per annum over rolling five-year periods, with significantly less volatility than...