Saturday, 27 August 2016
Last updated 4 hours ago
Mar 13 2013 | 1:48pm ET
A former FrontPoint Partners financials specialist is readying a hedge fund to invest in the sector in Asia.
Thomas Monaco has founded Nighthawk Capital and has begun drumming up investors for its maiden offering. Nighthawk will employ a long/short strategy focused on Asian financial stocks, Bloomberg News reports.
At FrontPoint, Monaco co-managed the firm's Financial Services Fund alongside star manager Steven Eisman. He left the firm in 2011, after it shut most of its funds, including his and Eisman's. FrontPoint closed last year.
Monaco, who worked at FrontPoint from 2007 through 2011, moved to Mizuho Securities Asia in Hong Kong, leaving that post in January. He joined research firm Forensic Asia last month.