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Former UBS O'Connor credit chief plans new fund


Mark Melchiorre hopes to launch Taurasi Capital this summer with $250 million.

 Mark Melchiorre
(Photo: Fairfield County Look)

Veteran UBS credit trader Mark Melchiorre is preparing the launch of Taurasi Capital Management, a new long/short credit hedge fund firm in New York he hopes will formally begin trading this summer with $250 million under management.

Founder and chief investment officer Melchiorre will use an actively traded strategy focused on liquid U.S. credit markets. Taurasi plans to hire between seven and 10 people to round out its team, according to a person familiar with the plans. Melchiorre is considering a strategic investor in the