Lee Robinson is rolling out a new hedge fund firm Altana in Monaco in defiance of Goldman Sachs, the banking group that once backed him, Financial Times reports. Goldman currently owns a minority stake in his existing firm Trafalgar Asset Managers, the London-based risk arbitrage fund.

The fund manager will follow a global macro trading strategy intended at making money from swings in the world economy. Robinson wanted to manage a global macro strategy at Trafalgar, but was denied by Goldman and other investors.

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