Wednesday, 20 August 2014
Last updated 1 hour ago
Apr 24 2014 | 10:17am ET
A founding partner of former Citigroup proprietary trader Sutesh Sharma’s hedge fund has joined Cheyne Capital Management.
David Darmouni began at Cheyne’s event-driven team this month, focusing on financial markets. He left Sharma’s Portman Square Capital Management last summer, having left Citi with Sharma to launch it in 2012.
Darmouni worked at Citi for four years.
Portman Square was expected to be one of the largest hedge fund launches since the financial crisis. But Sharma found difficulty raising the US$500 million he hoped for, and eventually the fund debuted—six months late—with just US$100 million. That forced Sharma to cut back on his staff- and infrastructure-heavy firm, parting ways with several employees just before its launch.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note