JPMorgan Prop Trader Plots US$500M Hedge Fund Launch

Feb 15 2013 | 3:05am ET

JPMorgan Chase's top proprietary stock trader will leave the bank to launch his own event-driven hedge fund.

Deepak Gulati's Argentière Capital could net as much as US$500 million, the Financial Times reports. The new fund is expect to launch in the second or third quarter.

Argentière, named for a French ski resort, will actually be based in Zug, Switzerland. It is expected to stick to the event-drive strategy Gulati has employed at JPMorgan, and will feature his team from the bank.

Gulati's decision to go into business for himself was apparently inspired in part by the departure of his boss, Mike Stewart, a year ago to do the same. Still, the FT reports that Gulati's upcoming split with JPMorgan is amicable.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…