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Hedge Fund Kingsguard Said to Close After October Losses

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Kingsguard Advisors LP, a global macro hedge-fund firm started in 2012 by two former Goldman Sachs Group Inc. traders, is shutting down after losses in October, according to two people familiar with the matter.

Rishi Chadda and Cyrus Pouraghabagher, who started the New York-based firm to bet on interest rates, volatility, credit and mortgages, lost 8.3 percent last month, said the people, who asked not to be identified because the information is private. Kingsguard was initially backed by Investcorp, which provides startup capital to alternative-investment firms, with about $50 million, still its current asset size.