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Bloomberg
Hamza Lemssouguer, a former top debt trader at Credit Suisse Group, is raising hundreds of millions of dollars from Squarepoint Capital as he starts his own hedge fund.
Lemssouguer, 31, known for amassing large, risky bets on corporations, will manage the money as part of a venture with London-based Squarepoint. The Moroccan-born trader, who hopes to attract other investors, plans to start nine-person fund in the first quarter of 2022 with about $1 billion under management, and eventually spin it out into an independent firm.
The fund, named Arini for the parrots that Lemssouguer breeds in his spare time, is the latest move by one of Europe’s most-watched traders. His returns at Credit Suisse were such that the lender offered him chance to set up his own fund — with as much as $500 million under management — to stop him from leaving for a role at Citadel last year.