Fund launches & closures

Former Citi PM Joel Salomon readies launch

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He managed $700 million at the bank focusing on asset managers, banks and specialty finance companies.

   
  Joel Salomon (Photo: LinkedIn)

Joel Salomon, a financials focused portfolio manager with Citi's proprietary trading desk from 2008 until February, is preparing the launch of a new hedge fund firm.

SaLaurMor Capital is based in New York City and requires a minimum investment of $250,000, according to a filing last month with the Securities and Exchange Commission.

Citi declined to comment and Salomon was not available.

At Citi, Salomon managed a long/short equity and credit portfolio focused on insurers, asset managers, banks and specialty finance companies, according to his LinkedIn profile.