2009-09-16google.com

``Thirty senior bankers from Societe Generale have left to set up their own hedge fund business, amid growing pressure on French banks to curb bonuses for top staff, a report said Wednesday. The team, including the head of the bank's global hedge funds business and several of his most senior colleagues, have left in a move backed by an American equity firm, the Financial Times said. The new hedge fund venture will be called Nexar Capital and will be based in Paris with an office in New York, the newspaper said, citing unnamed sources.''



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