Barclays Vets To Launch Banking Hedge Fund In Spain

A pair of Barclays Capital credit traders is founding a hedge fund that will manage UCITS III-compliant vehicles.

Rupesh Tailor and Jose Mosquera will set up the Breogan Global Financials Fund in Madrid. Auriga Securities, also based in the Spanish capital, is seeding the new firm, which hopes to raise US$70 million for the fund at launch.