MPC Investors will open the MPC Samsara fund, a European long/short equity hedge fund, on Sept. 17. Portfolio manager Ajay Gambhir will manage the fund using the same strategy he used as a managing director and head of JPMorgans European high alpha team, according to an MPC news release. The new fund is slated to have between $600 million and $900 million at launch.
Mr. Gambhir left JPMorgan in March. Jackie Meere, a JPMorgan spokeswoman, was unable to provide information on his replacement by press time.