Hedge Funds

Bank of America, Salomon vet preps multistrat product


The former global head of equity derivatives and finance at Bank of America is preparing to offer a multistrategy fund.

Chris Innes, who spent nine years at Bank of America after building Salomon Brothers' equity derivatives business, opened his hedge fund operation, Greenock Capital, in the second quarter.

Innes is expected to lunch his first fund before the end of the year.

Greenock Multistrategy Fund will include a credit component that will apply relative value and arbitrage strategies to bank loans. An equity allocation will follow event-driven and volatility arbitrage strategies.

Among the investment professionals whom Innes has lined