Michele Gesualdi, the former chief investment officer (CIO) for multi-management at Julius Baer's subsidiary Kairos Partners, is set to launch his own independent investment firm Infinity Investment Partners, the FT has reported.
According to the FT, Gesualdi has filed documents for his new firm, for which he has already secured around $1bn in seed capital. The new venture will be focusing on alternative investments.
It is understood that the former CIO of Kairos Partners left the firm over the summer after 19 years of service responsible for around $3bn in alternative investments.
The departure is one of the latest from Julius Baer's Italian subsidiary. A team of five Italian fund managers left Kairos in September to set up their new equity hedge fund.
Federico Riggio, Michele Fiumara, David Grazzini, Vittorio Villa, and Flavio Russo, who were overseeing the Kairos Pegasus Fund, departed Kairos to launch Helikon Investments, a new asset manager that will have offices in London and Milan.
The team of fund managers hopes to launch the fund in April with at least €500m and plans to raise as much as €1bn, sources close to the matter told Bloomberg.