Three more Tudor Investment Corp. veterans are leaving the hedge fund giant to join a hedge fund founded by two former colleagues.
Zafferano Capital, which already boasts some US$100 million in commitments from investors, including Tudor itself and Tudor partners, has hired Cliff Pattenden, Colin Greene and Richard Sidebottom, Financial News reports. Pattenden, chief operating officer of Tudor's emerging markets business, will be COO and CFO of London-based Zafferano, while Greene and Sidebottom will serve as portfolio managers, roles they played at Tudor.
Greene will join Zafferano at the end of the year. Sidebottom left Tudor early last year.
Pattenden told FN that Zafferano "is in the process of starting up" and has "put in our application" with the Financial Services Authority. The firm was set up in September by former Tudor vice chairman John Macfarlane, Tudor emerging markets corporate credit chief Nigel Whittaker and former Ashmore Energy CEO Brent de Jong. Whittaker is to leave Tudor for Zafferano next year.
The new firm plans to begin investing next year.