MAST's Carlozzi, Concordia's Hanna To Launch Hedge Fund

Oct 31 2011 | 9:48am ET

A pair of hedge fund veterans have teamed up to launch a hedge fund of their own.

BulwarkBay Investment Group has lined up six institutional investors for its maiden fund, expected to launch on Nov. 1. The new fund, which will have onshore and offshore versions, will employ event-driven corporate credit and special situations strategies, HFMWeek reports.

The Boston-based firm is the brainchild of Craig Carlozzi and Michael Hanna. The former worked at MAST Capital Management and the latter at Concordia Advisors before the two went into business together.

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