Cedar Hill, Visium Vet Plans Financials Hedge Fund

Apr 3 2014 | 11:30am ET

One of the big winners from the mortgage crisis is set to parlay his success into a hedge fund of his own.

Cyrus Sadiq helped engineer Cedar Hill Capital’s bet against subprime mortgages in 2007 and 2008, years that saw the hedge fund return 198% and 96%, respectively. Now, after two years honing his skills as a financials stock-picker at Visium Asset Management, he’s striking out on his own.

Sadiq plans to launch an equity hedge fund focused on financials by the end of the year, Hedge Fund Alert reports. Sadiq’s new venture still lacks a name—and two staff members that Sadiq plans to hire before its debut. But the New York-based firm will invest in a wide array of financial companies, including technology providers, real-estate investment trusts and homebuilders.

Initially, Sadiq’s fund will focus on the U.S., but he eventually plans to invest in broader geographies.

It is unclear how much Sadiq hopes to raise for the new fund.

Sadiq worked at Cedar Hill from 2006 through 2011, joining the firm from Goldman Sachs. He left Visium in August.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...