Monday, 28 July 2014
Last updated 28 min ago
Jun 14 2010 | 1:05pm ET
For years, Dilan Siritunga was Timothy Barakett’s right-hand man at Atticus Capital. Now, he’s got a couple of right-hand men of his own.
Siritunga’s new hedge fund firm, newly-dubbed Serendiv Capital, has hired Joseph Salegna from Jana Partners and Mattew Oak from York Capital Management. The former will serve as chief financial officer, and the latter as head of research at the New York-based firm, Bloomberg News reports.
Since leaving Atticus in March, Siritunga has been busy with more than just hiring. He’s completed the event-driven firm’s business plan and has begun talking to potential investors. The firm has also engaged Credit Suisse as prime broker, and will use the firm’s capital introduction business as well.
It is unclear how much Siritunga hopes to raise for the new fund—although the identity of at least one investor is clear: His old boss, Barakett, will help seed the fund, as he has done for several other former Atticus managers. Barakett last year decided to wind-up Atticus’ flagship fund and step down from day-to-day management of the firm.
Salegna worked for five years at Jana, while Oak spent six at York Capital.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…