One of the co-founders of listed online gaming giant PartyGaming, Vikrant Bhargava, has launched a new fund of hedge funds to be based in Gi...

One of the co-founders of listed online gaming giant PartyGaming, Vikrant Bhargava, has launched a new fund of hedge funds to be based in Gibraltar, PartyGaming’s domicile, according to a report in the Times.

Mr Bhargava, who sold 67 million PartyGaming shares worth £232 million after it was floated on the London Stock Exchange will be a director of the new fund, to be known as Sirius. He will also invest some of his money in the fund.

Sirius will be managed by David Linsley, a former director of Cross Asset Management, a hedge fund bought last year by RAB Capital, the London-based Aim-listed hedge fund manager.