Analyst Meredith Whitney, who rose to prominence for a prescient call on Citigroup's mortgage troubles in the lead-up to the financial crisis, is launching a hedge fund, two sources familiar with the matter and regulatory filings said on Wednesday.
Whitney is raising money for a long/short equity hedge fund, according to the sources who are not authorized to speak publicly about the matter. Those types of funds bet on stocks rising or losing value. It could not be determined how much capital Whitney has raised so far.
The hurdles to starting a hedge fund have increased in recent times due to more onerous regulatory requirements put in place since the financial crisis.
The new fund is called Kenbelle Capital LP, according to an April regulatory filing with the New York State Division of Corporations.
Regulatory filings with the Financial Industry Regulatory Authority also show Whitney requested to deregister her Meredith Whitney Securities LLC brokerage on August 28.