Thursday, 28 May 2015
Last updated 7 hours ago
Jun 25 2013 | 11:16am ET
After four years of bouncing from one hedge fund to the next, noted credit trader Iftikhar Ali is set to launch one of his own.
Ali plans to launch Rhodium Capital's maiden hedge fund in the fourth quarter, Reuters reports. The long/short credit hedge fund will focus on Europe, the Middle East and Africa, trading both investment-grade and high-yield debt, derivatives and, in some cases, sovereigns.
Rhodium will debut with a "significant" amount of capital, according to Reuters.
London-based Rhodium also features Talisman Capital founder Jeffrey Tirman, who will serve as CEO and chief risk officer. Ali is Rhodium's chief investment officer.
The firm is currently awaiting the approval of the U.K. Financial Conduct Authority.
Ali made his name as a trader at Citigroup and Bank of America before joining James Caird Asset Management in 2009. His short stint at that hedge fund—10 months—began what has been a peripatetic existence for Ali, who then moved to Millennium Capital Partners for a little over a year, and then to Observatory Capital Management, which he joined in September 2011.
May 27 2015 | 2:15pm ET
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