Undaunted by the string of new hedge funds that failed to take off, JPMorgan’s global head of equity proprietary trading, Deepak Gulati, is said to be parting ways to launch a hedge fund in Switzerland.

Considered one of the bank’s most successful traders, Gulati has passed over London to make Zeg, the low-tax Swizz town, his firm’s headquarters, reports FT.com.

The fund, Argentière Capital, borrows its name from a popular French ski resort.

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Originally published on Advisor.ca