London-Based Hedge Fund Launched by a Money Manager Vet Markus TarabaFollowing to two people with knowledge of the matter, a hedge fund firm in London is being launched by Markus Taraba, formerly a money manager with Citadel Investment Group and Davidson Kempner European Partners.
Monterone Partners will deploy a European-focused long- short equity strategy and begin trading in the first half of this year, the people said, asking not to be identified because the plans aren’t public. Taraba declined to comment.
Taraba worked in London for two of the biggest U.S. hedge funds, Citadel and Davidson Kempner, which both oversee more than $20 billion. He managed money for Ken Griffin’s Chicago- based Citadel from 2005 to 2009 before joining Davidson Kempner’s London office, according to his LinkedIn profile. He left that firm last April, according to the U.K.’s Financial Services Register of individuals approved to work in finance.
Monterone is raising money from investors and hasn’t decided how much it will start with, the people said. It will attempt to profit from bets that company stocks will either rise or fall. Taraba deployed a similar strategy at New York-based Davidson Kempner, the people said.Source: FINalternatives