Sunday, 5 July 2015
Last updated 46 min ago
Aug 17 2011 | 12:54am ET
A top—and top-paid—trader at Barclays Capital is leaving the firm to launch his own hedge fund.
Todd Edgar, who joined BarCap two years ago with four others on a contract worth up to £30 million from JPMorgan Chase, will now leave. According to the Financial Times, Barclays felt it could not hold on to Edgar or his team under new U.S. rules barring banks from proprietary trading. Nearly a dozen of Edgar’s commodity trading team will join him at the new hedge fund.
Edgar hopes to set the new operation up by the end of the year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…