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Ex-Citigroup Prop Trader Joel Salomon to Start Hedge Fund

Bloomberg – Joel Salomon, a former director at Citigroup Inc. (C), plans to start long-short equity hedge fund SaLaurMor Capital LP this month.

Salomon, 48, left Citigroup in January 2012, where he ran a financial-stock portfolio valued at $700 million at its peak in 2011 within the equity principal strategies unit, he said last month in a telephone interview. Citigroup said in October 2011 it was closing the group as regulators prepared to restrict banks from using their own money to wager on securities and markets.

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