The hedge fund launched in 2011 by two senior former traders at Credit Suisse is no more.
Financial News reported that Carlo Ramirez and Olivier Garcia decided to shut down RG Investment Capital after the majority of the firm’s staff joined Japanese bank Nomura earlier this month. Both Ramirez and Garcia have also joined Nomura.
Ramirez is the former head of Asian trading for equity and equity derivatives at Credit Suisse, while Garcia previously led Asia-Pacific exotic trading at the Swiss bank.
RG Investment, which focused on the Asia-Pacific markets, lost a total of about $1.4 million from its launch in late 2011 to March 31 of this year.