Hedge Funds

Citigroup options trader is next up on VegaPlus

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Jeffrey Talpins, formerly a senior options trader at Citigroup, is set to become the 10th new hedge fund manager to join the expanding VegaPlus platform - the platform to back new funds established by Vega, the big macro and fixed-income group of New York and Madrid.

Talpins is set to go live on April 1 with chunky initial backing of some $250 million for his Element Capital Fund, which is to have a broad fixed income-based approach deploying both relative value and macro strategies.

Talpins had been with Citigroup for five years, having joined the firm to build a mortgage