Curtis Adams has launched Ovington Capital Management to float a hedge fund, Financial Times reports. Ovington started trading with around $55 million under management, including a seed investment from a Luxembourg-based fund run by Sweden’s SEB bank.
The newly launched vehicle expects to run as much as $1 billion in its current strategy. Adams was formerly head of Mizuho’s London-based diversified trading group, a proprietary trading desk specializing in fixed income arbitrage.
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