We recently heard of these ex-hedge funders striking out on their own:
Kevin Scherer, a former Citadel LLC senior portfolio manager, plans to start Continuum Investment Management, a hedge fund investing in residential and commercial mortgage debt and asset-backed securities. He and three former colleagues plan to seek about $250 million when they start the firm in January.
Matthew Sidman, portfolio manager at Boston-based Highfields Capital, plans to leave the investment firm next year to set up his own hedge fund.
Herb Wagner, Co-Portfolio Manager at Boston-based hedge fund Baupost Group announced he will be leaving to start his own family office and will remain a client of the firm. (Full Opalesque Exclusive article here).
Former Cofunds boss Brett Williams launched a new alternative investments business, Old Burlington Investments, to take advantage of the UK Enterprise Investment Scheme (EIS), which offers tax breaks to investors in small, unlisted companies.