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New Managers April 2017

LAUNCHES: Recent new launches

 

Michael Weinberger, who left York Capital Management in January 2016, is planning to start a new hedge fund firm named Cerrano Capital this summer, according to Institutional Investor. Cerrano is expected to launch with $500m to $1bn of capital, mostly from friends and family, but also including contributions from foundations, endowments and funds of hedge funds.Weinberger, 42, has recruited Jamie Lester, a short-selling specialist who ran his own hedge fund, Soundpost Partners, before shutting down and joining David Einhorn's Greenlight Capital.

Michael Gelband, who previously led the fixed income operation at $35bn hedge fund Millennium Management, is laying the ground work to launch a fund with Hyung Soon Lee, Millenni......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
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