Former Barclays CEO Robert Diamond is considering financing a hedge fund and technology firm started last year by his former colleagues at the bank.
Bloomberg reported that Diamond, who resigned after Barclay’s $436.2 million fine for manipulating global interest rates, is in talks to provide capital to Incapture.
No additional information regarding the potential deal was disclosed.
Incapture is planning to launch a pair of hedge funds, which will utilize the cloud-based software created by its technology unit, Incapture Technologies.
Launched in 2012 by former chief investment officer of fixed income at Barclays Global Investors Peter Knez, Incapture recruited at least eight other BGI executives to work at the firm.