Former 3i Group CEO Queen Forming New Long/Short Hedge Fund

Sep 22 2015 | 7:09pm ET

Former 3i Group PLC CEO Michael Queen has reportedly launched a new hedge fund that targets long/short investments in the water and waste sectors. 
Queen has teamed up with former Deutsche Bank analyst Bertrand Lecourt for the new effort, which will be under the auspices of a company named Aquilys Investment Management, according to the Wall Street Journal’s Private Equity Beat. Queen’s former company, 3i Group, is one of the U.K.’s oldest private equity firms. 
The firm was incorporated in November 2014 and received FCA approval in late August, according to regulatory filings.  Based in London, the new manager will focus on long-short investments in the water and waste sectors, and has reportedly started trading, according to unnamed sources familiar with the matter cited by the Journal.
Queen became 3i’s CEO in January 2009 and left in mid-2012 after around 25 years with the company. He subsequently served in a variety of non-executive roles, including work as a director for Coller Capital and Bazalgette Tunnel Limited, the entity created to finance and manage the Thames Tideway Tunnel, noted the Journal.
The amount 

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