Och-Ziff Vet Bertoli Readies Event-Driven Fund With Goldman Seed

Jul 16 2012 | 1:09pm ET

A former top Och-Ziff Capital Management event-driven trader is set to launch a hedge fund of his own, with a little help from another former employer.

Massimo Bertoli and former Marble Bar Asset Management business chief Stephen Sales will launch an event-driven fund in the fourth quarter, Financial News reports. And they'll do it with seed capital from Goldman Sachs, where he worked before joining Och-Ziff a decade ago.

The seed funding, the amount of which is unclear, will come from Goldman Sachs Asset Management's seeding fund.

Bertoli left Och-Ziff last year. He was head of European special situations at the US$29.3 billion hedge fund.

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