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Former Rubicon Execs Launching Hedge Fund

May 01, 2013
Jing Chen

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.

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