New York (HedgeCo.net) – In one of this years biggest U.S. based hedge fund launches, four of the founders of the now defunct Citigroup hedge fund, Old Lane, have a new start up hedge fund, Meru Capital Group.
The hedge fund has some $300 million in capital, the Wall Street Journal reports. Meru started trading on December 1st with a large chunk of the partner’s own funds, up to $75 million, according to some reports.
The New York based hedge fund invests in derivatives, equities, fixed-income, and currencies. It plans to move in and out of positions quickly, with no single investment accounting for more than 5% of the fund’s assets, the Wall Street Journal reported this morning.
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