The chief economist at PQSR Capital, the hedge fund helmed by former Paulson & Co. portfolio manager Paolo Pellegrini, is leaving the firm after just over a year on the job.
Alex Patelis plans to go into business for himself, founding a macro economic research firm. His Patelis Macro Advisors is set to open in September. The new firm will give clients “the opportunity for an ongoing, real-time dialogue” with Patelis. Clients will also be able to ask Patelis for specific research.
Patelis will leave PQSR on June 30.
After a stint as head of international economics at Merrill Lynch, Patelis joined PQSR in May 2009. He also worked at Citigroup, Goldman Sachs and the National Bank of Greece.