Ex-Hutchin Hill PM Theriac Said To Prep New Equity Fund

Aug 24 2017 | 9:35pm ET

Former Hutchin Hill Capital portfolio manager Jet Theriac is reportedly prepping a new hedge fund for launch early next year.

The new long/short strategy will be equity-centric and concentrate on energy, industrials and utilities, according to an article in Business Insider on Thursday. Named Lanternback Capital, the new fund will be based in San Francisco and plans to launch in January 2018 with between $100 million and $600 million in assets under management.

Theriac joined Hutchin Hill in 2015 after a stint as a portfolio manager at Balyasny Asset Management, the article said. He oversaw a long/short equity team focused on energy and utility stocks, the Business Insider article continued, and left in February 2017.

Lanternback Capital will reportedly use Morgan Stanley for prime brokerage services and capital introductions. Theriac will soon be joined by another partner coming from a multi-billion dollar hedge fund, BI added. 

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