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Ex-Citi Currencies Head Said to Prepare Macro-Hedge Fund Launch

Bloomberg – Anil Prasad, former currencies trading head at Citigroup Inc., and Farhang Mehregani, previously the chief investment officer of Sciens Capital Management LLC, are preparing to set up a macro hedge fund, according to a person with knowledge of the matter.

Preparation is at an early stage, with the fund seen starting in the first quarter of 2015, said the person, who requested anonymity because the plans are private. Prasad, who was also head of local markets at Citigroup, stepped down from the New York-based bank in March.

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