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Former HSBC Banker to Start Hedge Fund Investing Globally

Bloomberg – Roshan Padamadan, a former product specialist at HSBC Holdings Plc (HSBA), is starting a hedge fund that will invest in liquid securities including stocks, bonds and derivatives globally.

Luminance Global Fund will invest in companies “where the business models survive in almost every scenario,” said Padamadan, who will run the fund. It will start trading on Jan. 2 with initial capital of about $2 million that Padamadan said he expects to rise to $4 million in about three months.

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