Brummer Spin-Off Welcomes Outside Capital

Feb 15 2012 | 1:19pm ET

New York-based Contour Asset Management has opened its flagship to outside investors.

The firm, founded by a pair of former professionals at Brummer & Partners and backed by the Swedish hedge fund giant, manages the Manticore Fund. Manticore was under Brummer's purview prior to Contour's spin-off in 2010.

Manticore is an equity long/short telecommunications, media and technology fund, investing in the U.S. Its opening to outside money was first reported by HFMWeek.

Contour founders David Meyer and Seth Wunder worked at Manticore during their time at Brummer. Meyer spent six years at the firm, moving to Manticore in 2005, while Wunder joined Manticore in 2009.

Contour has about $1 billion in assets under management.

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