Financial analyst Chris Yetter has left the New York-based hedge fund QVT Capital to join Rick Gerson and Navroz Udwadia’s Falcon Edge Capital.
FINalternatives has learned that Yetter will be joining forces with Gerson (a former Blue Ridge Capital partner) and Udwadia (formerly of Eton Park Capital), who are expected to launch their first hedge fund this quarter. The global multi-asset fund could raise as much as $1 billion.
According to earlier reports in HFMWeek, Falcon Edge, which will have offices in New York and London, has tapped former Eton Park COO James Minshull as chief operating officer to head what it described as an "unusually strong" team.
Minshull replaced Martin Byman, formerly co-head of Morgan Stanley's European prime brokerage, who left New York-based Falcon Edge to join quantitative hedge fund OxFORD Asset Management.