A former Bank of America trader Iftikhar Ali is set to launch his own hedge fund firm, Rhodium Capital, in the fourth quarter of 2013, according to Reuters.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Based in London’s Mayfair district, Rhodium Capital will follow "long-short" approach to trade investment grade and high yield credit in Europe, Middle East and Africa, trading bonds, derivatives and sovereign bonds, a source close to the new company told Reuters.
Jeffrey Tirman, the founder of Swiss-based credit manager Talisman Capital, will assume the role of CEO and chief risk officer of the new company, while Ali will hold the position of chief investment officer, according to the report.
Yash Ganeshan, a former senior trader at Jefferies International, is also expected to join the company.
Subject to approval from Britain’s Financial Conduct Authority, Rhodium will launch with a ‘significant’ amount of investor capital, Reuters said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAli was Citigroup’s head of CDS trading in London until 2004, before working at Bank of America until 2009. Later, he managed portfolios at James Caird Asset Management and Millennium Management.
