JPMorgan’s Gulati Said to Meet Investors as He Weighs Hedge Fund
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JPMorgan Chase & Co.’s Deepak Gulati is holding talks with investors as he and a team of traders consider leaving the bank to start a hedge fund, said four people with knowledge of the discussions.
Gulati, JPMorgan’s head of global equity proprietary trading, attended a conference held by Goldman Sachs Group Inc. in Rome last week to meet backers, said the people, who asked not to be identified because Gulati’s plans aren’t public. About 20 JPMorgan traders work with Gulati, who probably wouldn’t start his firm before next year, the people said.