Hedge Funds

Duquesne offspring to apply training to equity plays


Ravi Suria, the former Lehman Brothers convertible bond chief who made his name with his bearish calls in 2000 about Amazon.com and the telecom sector, has left his analyst job at Duquesne Capital Management to launch his own hedge fund.

According to investors, Valmiki Capital Management of New York will launch on July 1 with no more than $500 million of assets. Suria, who was an equity generalist at Duquesne, will employ a macro overlay to the global equity fund. But, unlike his former boss, Stanley Druckenmiller, he will in most cases execute his macro calls with stocks instead