Hedge Fund RG Shuts, Staff Moves To Nomura

Oct 31 2013 | 9:33am ET

Hedge fund RG Investment Capital would appear to be no more.

The firm's founders and the bulk of its staff have joined Nomura Holdings, less than two years after Olivier Garcia and Carlo Ramirez established the firm, Financial News reports. The moves follow word from RG's members report for the year ended March 31 that it was "reviewing the future plans of the LLP" and that it "may mean the cessation of regulated business."

RG's registration changed to no longer having authorization earlier this month, and Garcia, Ramirez and two others were registered with Nomura in the middle of October.

The two former Credit Suisse bankers, who focused on Asia, founded the firm late in 2011 and were to have launched their maiden fund last year. The firm reported a £900,000 loss for the year ended March 31.

In addition to Garcia and Ramirez, Thierry Guilhot and Dilbagh Kalsi have also joined Nomura.

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