Bloomberg News

Barclays’ Edgar Said to Plan Start of Atreaus Macro Fund in May

February 02, 2012

Feb. 1 (Bloomberg) -- Todd Edgar, former global head of macro trading at Barclays Plc in London, is starting hedge fund Atreaus Capital LLC in May, according to a person familiar with his plans.

Edgar, 39, is opening New York-based Atreaus with former colleagues Peter Buschmann, Dmitri Shklovsky, Sinan Gumusdis and Michael Ridewood, according to the person, who asked not to be identified because the fund is private.

The firm, which will focus on commodities and foreign- exchange trading, is starting with as much as $200 million from the money-management unit of Goldman Sachs Group Inc., two people with knowledge of the matter said in December.

Edgar and the four men have worked together for the past seven years, first at JPMorgan Chase & Co. and then, from 2009 to 2011, at Barclays in London. Edgar and Shklovsky had previously been employed at Tudor Investment Corp., the Greenwich, Connecticut-based hedge fund run by Paul Tudor Jones.

A sixth partner, Andrew Downes, will be Atreaus’s chief operating officer, the person said. He most recently worked at UBS Securities LLC in Stamford, Connecticut.

Jonathan Gasthalter, a spokesman for Atreaus, said he couldn’t comment on the new fund.

--With assistance from Jesse Westbrook and Lars Paulsson in London. Editors: Steven Crabill, Christian Baumgaertel

To contact the reporter on this story: Katherine Burton in New York at kburton@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net -0- Feb/01/2012 15:00 GMT


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