GLG Vet Berger Plans Summer Hedge Fund Launch

Apr 16 2013 | 1:59pm ET

Former GLG Partners trader James Berger is readying a new hedge fund for launch this summer.

Berger's B1 Capital will launch a Europe-focused, fundamental long/short equity fund, Financial News reports. He has won a seed investment and will debut with that and investments from a handful of anchor investors.

Pfäffikon, Switzerland-based B1 has a team of six, including Berger and Megan Kenney, who serves as CEO. Kenney was European head of capital services at Credit Suisse until October.

Berger left GLG in July. At the Man Group unit, which he joined in 2007, he co-managed its European Opportunity Fund. Prior to his time at GLG, Berger worked at JPMorgan Chase and Goldman Sachs.

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