Alfonso Peccatiello, a former investment head at ING Germany and now a prominent social media market commentator, is set to debut his new hedge fund, Palinuro Capital, on 13 January, according to a report by Financial News London.

Peccatiello will serve as Chief Investment Officer of the fund, which focuses on interest rates and FX derivatives. The team includes Roozbeh Haghighi, Co-Founder and Head of Trading and Operations, and Vincenzo Brigandi, a Quantitative Analyst.

Peccatiello spent over seven years at ING, where he began as a Portfolio Manager in 2014 and later became Head of Investments for ING Germany, overseeing a $20bn portfolio.

The report quotes Peccatiello as saying in an interview that: “This role provided invaluable experience in managing large portfolios with a focus on fixed income and derivatives”.

Palinuro Capital's debut comes amid a period of significant hedge fund sector headwinds, with new fund launches at their lowest levels in nearly a decade in 2024. By the third quarter of the year, only 123 new hedge funds had debuted, a sharp decline from the 2017 peak of 697, according to Preqin data.