Bank Vets Ready European Event-Driven Hedge Fund

Apr 2 2014 | 1:40pm ET

A quartet of former bankers is set to launch an event-driven hedge fund to take advantage of Europe’s economic recovery.

Andrea Angelone, Amit Jain, Guido Miani and Simone Russo have founded Amagis Capital in London. The strategy, which will debut on May 1, seeks to benefit from increasing corporate activity in Europe and opportunities created by banks’ exit from proprietary trading.

“There is an opportunity right now in the European market to deliver superior returns because of recovering activity,” Angelone, a JPMorgan Chase veteran and CEO of the new firm, told Bloomberg News. “After many years on the sell-side, we have the experience and knowledge to be able to deploy a slightly different approach in the event-driven space.”

Angelone and his partners have raised US$35 million from six investors for the launch. The firm aims to manage US$100 million by the end of the year and US$500 million within three. Amagis also plans to open an office in Monaco.

Angelone was once head of JPMorgan’s prime brokerage, and left the bank last year. Jain also formerly worked at the bank, while Miani was a fixed-income trader at UBS. Russo worked at JPMorgan and Goldman Sachs before founding his own firm in 2009.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note