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Anil Prasad's Hedge Fund

Citi Foreign Exchange Veteran is Launching own Hedge Fund in April

According to three sources familiar with the matter, Anil Prasad, a former global head of foreign exchange at Citigroup, is launching his own macro hedge fund in early April entitled Silver Ridge Asset Management with initial start-up capital of at least $500 million.
Prasad could not be reached for comment.
Silver Ridge Asset Management, which will have offices in London and New York, will have a multi-manager approach to trading led by Prasad, who left Citi in early 2014. Farhang Mehregani, also a former Citi executive, is joining Prasad in launching Silver Ridge Asset Management.
The hedge fund aims to accumulate $1 billion and will thereafter accept money more sporadically, mainly from existing investors, said the sources, who declined to be named as the information was private.
The start-up comes as macro hedge funds face an improved trading environment after nearly four years of mediocre returns as divergent economic policies across the globe raise volatility and create investment opportunities.
Source: Reuters

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