Two former executives at London-based Rubicon Fund Management have raised about $300 million for their own hedge fund.
Bloomberg reported that Tim Attias and Santiago Alarco’s Canosa Capital began trading Wednesday with seed capital from Sweden’s largest hedge fund firm, Brummer & Partners.
The new fund will seek to make money from broad economic trends by trading on stocks, bonds and currencies with an emphasis on fixed-income and foreign exchange.
eVestment reported in August 2011 that Rubicon filed a lawsuit against Attias and Alarco, claiming that the pair secretly conspired to set up a rival firm. The pair settled the lawsuit about a year ago after agreeing to pay an undisclosed amount.