Sutesh Sharma, the former head of Citigroup Inc.'s (C) proprietary trading desk, will launch his Portman Square Capital hedge fund this autumn with around $500 million, the Financial Times reported on its website Sunday, without citing sources. The London-based fund will pursue a "multi-strategy relative value" approach and has hired traders specializing in event-driven equity trading, convertible bond arbitrage and volatility trading, the FT reported. A team of traders from Citigroup will join Mr. Sharma, the report added. A Portman Square spokesman declined comment, the report said. Full story: http://www.ft.com/intl/cms/s/0/94e28e48-b870-11e1-82c8-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financials%2Ffeed%2F%2Fproduct#axzz1y5s0hsUS
