Citi Vet Moves To Cheyne

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.


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

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

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