|The Volcker Rule has sprung another star trader from the ranks of U.S. banks as Deepak Gulati leaves JP Morgan Chase to start his own hedge fund. As reported by Reuters, Deepak Gulati is setting camp in Zug, Switzerland to launch his new Argentiere Capital hedge fund. |
With his star trading status, Argentiere Capital is expected to raise $500 million. Deepak Gulati is the latest in a growing line of high profile traders to leave a major U.S. bank as the Dodd-Frank legislation with its Volcker Rule continues to squeeze proprietary trading out of the banking industry. The Argentiere Capital hedge fund is expected to launch sometime during the second or third quarter of 2013.
|Hedge Fund Lists|