Ex-JPMorgan Prop. Trader Garners US$300M For Hedge Fund

Jun 4 2013 | 12:04pm ET

Deepak Gulati, JPMorgan Chase's former top proprietary equities trader, has launched his Argentière Capital hedge fund with about US$300 million.

Zug, Switzerland-based Argentière—named for a French Alpine ski resort—began trading yesterday, Bloomberg News reports. The fund employs event-driven, volatility and quantitative strategies.

Argentière debuted with a staff of 15, seven of whom worked at JPMorgan Chase.

Earlier this year, it was reported that Gulati was seeking up to US$500 million for Argentière at launch. The firm will stop marketing its debut fund if it reaches US$750 million in assets.

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