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Barclays' prop desk spin-out takes shape

Hedge fund expected to formally launch in the first quarter of this year

Barclays' prop desk spin-out takes shape

A new hedge fund being spun out from UK bank Barclays has secured approval with regulators ahead of its anticipated launch in the coming months.

Squarepoint Capital LLP, formed by a Barclays quantitative trading team called nQuants, received approval with the UK's Financial Conduct Authority on January 2, according to the UK's Financial Services Register.

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