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Last updated 4 hours ago
Oct 25 2010 | 2:07am ET
CQS Management veteran David Staton is poised to launch his own hedge fund next week.
Zedd Capital's European long/short equities managed accounts platform will debut on Nov. 1, Hedge Funds Review reports. The London-based firm will follow up with a hedge fund trading the same strategy early next year.
Staton said Zedd would run a highly-liquid strategy investing primarily in European stocks. The fund will be able to make some investments outside Europe, but only in developed markets.
Staton, who worked at Citigroup's Tribeca Global Management hedge fund before joining CQS as a portfolio manager in 2007, said he hopes to attract at least 10 accounts to the new platform next month.