TCI, Thélème Vet Amin To Start Hedge Fund

Apr 1 2013 | 10:08am ET

Snehal Amin is on the move again.

The former head of U.S. research at The Children's Investment Fund who moved in 2010 to Thélème Partners, the hedge fund set up by TCI co-founder Patrick Degorce, is following in Degorce's footsteps and launching a hedge fund of his own. His last day at London-based Thélème was Friday, the Financial Times reports.

"It has been a rewarding experience and I am thankful to Patrick and the team," Amin wrote of his three years at Thélème, in an e-mail to the hedge fund's staff on Thursday. "I will be forming a new investment partnership in due course."

Details on that new partnership are limited; it is unclear when it will debut. It will likely be based in the U.S.; Amin works in Santa Monica, Calif.

Thélème has proven among the most successful hedge fund launches in recent years, raising US$700 million and returning 20% last year.

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