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Ex-Citigroup Exec Launching Hedge Fund

Aug 25, 2013
Jing Chen

The former global head of emerging markets equity research at Citigroup is preparing to launch his own hedge fund next month.

Rhys Summerton told Bloomberg that he will invest $20 million of his own money in Milkwood Capital, while external investors have given “indications of interest” to allocate at least $50 million.

Based in Ascot, England, Milkwood will bet on the rise and fall of stocks. Summerton left Citigroup in May after more than a decade working out of the bank’s London office.


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