SocGen fund managers leave to create own fund

Reuters – A team of hedge funds managers at Societe Generale is leaving to set up their own hedge fund with capital from the French bank, La Tribune reported on Tuesday.

The paper said the move was led by Arié Assayag, head of Sgam Alternative Investments at SocGen, who would take with him some 15 members of staff to create a new outfit called Premium Asset Management (PAM).

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