Citigroup Inc. : Former Citigroup Executive to Launch $500 Million London Hedge Fund - FT
06/17/2012| 08:31pm US/Eastern
Sutesh Sharma, the former head of Citigroup Inc.'s (C) proprietary trading desk, will launch his Portman Square Capital hedge fund this autumn with around $500 million, the Financial Times reported on its website Sunday, without citing sources.
The London-based fund will pursue a "multi-strategy relative value" approach and has hired traders specializing in event-driven equity trading, convertible bond arbitrage and volatility trading, the FT reported.
A team of traders from Citigroup will join Mr. Sharma, the report added.
A Portman Square spokesman declined comment, the report said.
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