New firm to ˜legitimise' industry

Andrew Gitlin has left his post as president and CEO of DKR Capital to start his own firm. He says: 'It will address the issues of institutionalisation and capacity in the hedge fund industry.

'There is money coming into the industry, but the question is where will it go?' he says. 'I'm talking about taking this business to the next generation.'

Gitlin, 40, who stepped down from the top job at the Stamford, Connecticut-based hedge fund incubator firm last week, says he is finalising plans to open

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