Tuesday, 5 May 2015
Last updated 6 hours ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…