Ex-Citi exec's hedge fund delays launch over UK probe -cofounder

April 7, 2015 6:09 PM

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April 7 (Reuters) - The launch of a hedge fund set up by Anil Prasad, the former head of foreign exchange at Citigroup Inc, has been delayed a few months as the UK's Financial Conduct Authority (FCA) conducts an inquiry, the cofounder of the fund said on Tuesday.

"There has been a delay to our launch due to the FCA. We have informed our prospective investors," said Silver Ridge Asset Management cofounder Farhang Mehregani.

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