Citi Equity Strategist Founds Hong Kong Hedge Fund

Mar 1 2007 | 10:29am ET

A top Citigroup executive is leaving the firm to found his own hedge fund, according to published reports.

Ajay Kapur, since 2004 the Wall Street giant’s chief global equity strategist, is returning to Hong Kong—where he has residency rights—to set up First Horse Capital. Joining him are Niall MacLeod and two other members of his team at Citi.

Prior to becoming chief global strategist, Kaper headed Citi’s global markets division in Asia. He is also a Morgan Stanley alum.Robert Buckland will succeed Kapur at Citi.

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