JPMorgan’s Gulati Mulls Hedge Fund Launch

Jun 18 2012 | 12:02pm ET

Another bank proprietary trader is laying the ground work for a move into hedge funds.

Deepak Gulati, head of global equity prop. trading at JPMorgan Chase, met with potential investors last week in Rome at a Goldman Sachs conference, Bloomberg News reports. Details are scarce on Gulati’s plan, but it is likely that he would not actually launch the fund until next year.

Gulati, who moved to JPMorgan’s asset management business in 2010 as the bank moved to come into compliance with the Volcker rule barring banks from trading their own capital, works with about 20 traders. Some or all of that team would join him at his new hedge fund, according to Bloomberg.

Zürich, Switzerland-based Gulati joined JPMorgan nine years ago, from Dresdner Kleinwort.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note