Umesh Patel, a former portfolio manager and partner at
long-only money manager Seneca Capital, is breaking out on his
own and gearing up to launch a fixed-income hedge fund this
summer. The fund, dubbed USP Partners, is slated to launch
mid-August. Patel is joined by Umesh Shelat, a former analyst
at fixed-income hedge fund III in Florida, who most recently
ran his own hedge fund that combined...