Ex-TPG Hedge Fund Chief To Start Own Firm

Jun 21 2010 | 1:46pm ET

A former partner of TPG-Axon Capital Management will launch a hedge fund in October, and has snagged his old firm’s former top trader and another partner for his new one.

Eric Mandelblatt founded Soroban Capital Partners in New York after leaving TPG-Axon earlier this year, Bloomberg News reports. The new firm will focus on stocks, but will also trade credit.

Joining Mandelblatt at the new firm are Gaurav Kapadia, another former partner at the Texas Pacific Group-owned hedge fund, and TPG-Axon head trader Scott Friedman. Mandelblatt has also hired former Kallix Advisors CFO Vito Tanzi.

Before joining TPG-Axon, Mandelblatt worked at Goldman Sachs, rising to chief operating officer of its U.S. principal strategies group in 2004 before leaving the firm a year later.

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