Old Lane Vets Launch $300 Million Hedge Fund

More than a year after Citigroup pulled the plug on Old Lane Partners, four of its founding partners have launched a new hedge fund.

Meru Capital began trading yesterday with about $300 million, making it one of the largest hedge fund launches of the year. The firm is led by six former Old Lane executives, including Guru Ramakrishnan, who served as CEO of Old Lane during its final year.