David Darmouni, a former partner at Portman Square Capital, has joined London-based hedge fund firm Cheyne Capital.
Financial News reported that Darmouni, who left Portman Square last year, began working at Cheyne earlier this month as part of its event-driven team. No other details regarding his new position were disclosed.
Darmouni was among several Citigroup employees who left the bank to join Portman Square, the hedge fund launched in 2012 by former Citigroup proprietary trading head Sutesh Sharma. Sharma also led proprietary trading at Morgan Stanley before leaving in 2006 to set up hedge fund firm Old Lane Capital.
Launched in 2000, Cheyne manages about $6.5 billion in assets. It utilizes corporate credit, real estate debt, equities, equity-linked and event-driven strategies.