Wednesday, 1 July 2015
Last updated 2 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…