BusinessWeek – Rupesh Tailor and Jose Mosquera, who worked together as credit traders at Barclays Capital, are starting a regulated hedge fund in Madrid to bet on a shake-up of the banking industry using default swaps, bonds and equities.
Tailor, 30, and Mosquera, 37, will seek to profit from mergers, spin offs and bail outs as banks emerge from the worst financial crisis since the 1930s, the traders said in an interview. They are initially seeking to raise $70 million for the Breogan Global Financials Fund and as much as $200 million by year end.
