Jan. 31 (Bloomberg) -- Two former senior traders at Credit Suisse Group AG plan to start a hedge fund this year that will invest in stocks and derivatives tied to Asian companies, according to two people with knowledge of the matter.
Carlo Ramirez, Credit Suisse’s former head of Asian trading for equity and equity derivatives, and Olivier Garcia, the Swiss bank’s former head of Asia-Pacific exotic trading, intend to start trading in the second quarter, said the people, who declined to be identified because the plans are private. RG Investment Capital LLP will be based in London, the people said.
Ramirez and Garcia join a growing group of traders who have left firms including Credit Suisse, Goldman Sachs Group Inc. and Morgan Stanley as banks reduced risk in the face of greater regulation after the financial crisis of 2008. Money managers started more than 1,100 hedge funds in 2011, the second-highest annual total ever, according to Singapore-based data provider Eurekahedge Pte.
Ramirez, 34, and Garcia, 35, declined to comment. They registered RG Investment Capital in the U.K. last October, according to a filing with Companies House.
Ramirez, who will serve as chief investment officer, worked at Credit Suisse for 12 years in the firm’s London, Hong Kong, Sydney and Tokyo offices, the people said. As head of Asia- Pacific exotic trading, Garcia focused on assets such as structured products. Garcia’s title at RG Investment Capital will be portfolio manager, the people said.
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