Launches & Closures

Ex-Nomura prop team plot new LindenGrove macro launch

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Borut Miklavcic is leading a group of seven former colleagues who left Nomura recently to join the increasing wave of proprietary traders moving across into hedge funds.

The team’s proposed LindenGrove macro fund is already attracting considerable interest among potential investors but is not expected to go live until November or December, pending FSA approval.

The core of the team have worked together since March 2009, delivering an annualised gross return of over 9% over the period until June 2012 when they left Nomura, according to investors.

The team features three portfolio managers, led by Miklavcic, who blend