Bankrupt hedge fund execs hope for revival

John Taylor, chairman and CEO of FX Concepts
Adam Jeffery | CNBC

The former leaders of bankrupt hedge fund firm FX Concepts aren't wasting any time starting over.

On Friday, $4.3 billion Chinese investment manager CITIC Capital announced that Robert Savage and Ron DiRusso would lead a new hedge fund platform focused on foreign exchange, CCTrack Solutions.

Savage had been chief operating officer and DiRusso director of research at John Taylor's FX Concepts. The firm announced it was winding down its investment management business—which ran $14.2 billion in 2008— in October.

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