Platt’s has a few new details on the hedge fund being launched by Brian Hunter, the former Amaranth trader whose positions in natural gas futures led to the collapse of the hedge fund.
The new hedge fund, which will be called Solengo Capital, will have its main office in Hunter's hometown of Calgary, with an office also in Greenwich, Connecticut. The new fund is expected to open its doors by mid-summer, said Shondell Sabad, a former Toronto Dominion bank trader who will become chief operating officer and chief financial officer of the new venture. Sabad spoke with Platts on Friday.
According to Sabad, Solengo's fund-raising document will be ready for distribution to possible investors "within about 10 days."