JPMorgan’s star trader to set up hedge fund

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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