Patelis Macro Advisors, based in Athens, will open in September, offering macroeconomic research to clients, the firm said in an e-mailed statement today. Patelis, 39, will resign from Hamilton, Bermuda-based PSQR at the end of June.
The economist previously worked at Merrill Lynch & Co. where he was a managing director for global research based in London. Patelis, who has a Ph.D. in economics from Princeton University, in Princeton, New Jersey, joined PSQR in May 2009.
Pellegrini, the former Paulson & Co. hedge-fund manager who helped make more than $3 billion with bets on a U.S. housing crash, started PSQR last year.