Thursday, August 25, 2011

Citi Trader Starting Own Hedge Fund

Hedgefund.net informed us that the head of financial giant Citi’s prop trading desk plans to leave his post to start a new hedge fund. London-based Sutesh Sharma registered a new firm, Portman Square Capital, in the United Kingdom last month with Citigroup co-worker Toby Lingard, according to a Bloomberg report.

Sharma’s move is a response to Citi’s attempt to cut down on its in-house proprietary traders to comply with the Volcker Rule, who forbids banks from trading with its own money….

http://www.hedgefund.net/publicnews/default.aspx?story=12812

No comments:

Post a Comment