Ex-Credit Suisse Trader Lemssouguer Targets $1 Billion Fund
- Credit trader backed by Squarepoint Capital: sources
- Lemssouguer’s Arini fund is targeting early 2022 launch
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Hamza Lemssouguer, a former top debt trader at Credit Suisse Group AG, is raising hundreds of millions of dollars from Squarepoint Capital LLP as he starts his own hedge fund.
Lemssouguer, 31, known for amassing large, risky bets on corporations, will manage the money as part of a venture with London-based Squarepoint, according to people familiar with the matter. The Moroccan-born trader, who hopes to attract other investors, plans to start the nine-person fund in the first quarter of 2022 with about $1 billion under management, the people said, and eventually spin it out into an independent firm.