Launches & Closures

Sequoia spins out fund management arm, lines up short-term CTA launch

by

Douglas Garistina
Sequoia Capital LLP, the London-headquartered options market-making firm, is branching out into asset management with the formation of a standalone fund management arm and the launch of its first systematic short-term trading strategy.

Douglas Garistina, who set up Sequoia Capital Ltd in 1996 and has been its managing partner for the past 15 years, is heading up the new Sequoia Capital Fund Management LLP’s operation.

The firm received its FSA authorisation at the start of this year and aims to roll out its debut fund and related managed accounts in February with internal