Ex-JPMorgan Banker Petermann Plans $500 Million Hedge Fund
- Merlyn Advisors fund could begin trading in the third quarter
- Fund will bet on special situations such as spinoffs, mergers
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Maarten Petermann, who spent nearly two decades at JPMorgan Chase & Co., is preparing to start a hedge fund with at least $500 million of assets.
The Merlyn Advisors fund will bet on so-called special situations such as spinoffs, mergers and acquisitions, bankruptcy or distressed companies in Europe, according to people with knowledge of the plans. He was head of special situations in Europe at JPMorgan Chase before leaving the firm earlier this year.