Castlegrove Capital Management, a London hedge fund co-founded by a trio of senior JPMorgan officials, is readying a March 1 launch of its first fund and has made several further hires. The fund, named Global Micro Fund, will cover three integrated strategies: equity derivatives, equity long/short and debt/equity relative value.
The founding JPMorgan group made its first hires in December (DW, 12/9) and has followed up with portfolio managers and a head of operations. Michael Guiney, director in prop trading at Credit Suisse First Boston, has come on board to cover debt/equity relative value trading. Chris Rodarte, previously an equity derivatives portfolio manager at EBF & Associates, joins with responsibility for technical equity derivative opportunities in global markets. For equity long/short, Franck Lauri joins from Global Gestion in Paris to focus on a portfolio of quantitative strategies. As head of operations, Castlegrove has hired Rob Green, former head of middle office for European flow derivatives trading at JPMorgan in London.
Paul Frost-Smith, head of marketing at Castlegrove, confirmed the hires, declining comment on the expected size of the fund. Market buzz is that it will launch with about to USD750 million under management.