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Ex-Bank of America trader launches credit hedge fund-source

Reuters – Veteran credit trader Iftikhar Ali is launching his own hedge fund firm, a source close to the new company told Reuters, as traders look to cash in on turbulent bond markets.

Ali, former head of international proprietary credit trading at Bank of America and more recently hedge fund manager at Observatory Capital, plans to launch Rhodium Capital in the fourth quarter of the year, the source said.

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