Soros Vet Launches Credit Hedge Fund

William Seibold, a former distressed debt portfolio manager at Soros Fund Management, has launched a new credit hedge fund with backing from Man Group’s fund of funds arm, RMF Investment Management.

Seibold, who left Soros spin-off Camulus Capital in May to found Noroton Capital Management, on July 1 launched the Noroton Event Driven Opportunity Master Fund with $50 million from RMF and another $10 million from friends and family.