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Ex-Citi Emerging Markets Research Head Plans Hedge Fund

Bloomberg – Citigroup Inc’s former global head of emerging markets equity research, Rhys Summerton, plans to start his own hedge fund in September with at least $20 million of assets.

Milkwood Capital Ltd. will be a global equity long and short fund, taking bets on rising and falling stocks, according to a letter to potential investors obtained by Bloomberg News.

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