London-Based Hedge Fund Launched by a Money Manager Vet Markus Taraba
Following 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
