Ron Pollack, a former senior analyst at short-seller Feshbach Brothers—who subsequently ran the Dancing Bear short fund for his own firm, Bulldog Capital Management—is getting back in the game.

Pollack has returned to the industry after a four-year hiatus with the launch of Tampa, Fla.-based Mascot Capital Management, Hedgeweek reports.

Pollack, who will be the general partner of a new Dancing Bear Fund, has assembled a team including Barry Bailey, a short-selling analyst and senior managing director at Bear Stearns until his retirement in 2005, and Tod Dodge, a former research sales trader at Credit Suisse First Boston, Donaldson Lufkin & Jenrette and Hambrecht & Quist.

In addition, Feshbach alumnus Jason Escamilla has also joined the firm as a senior analyst and director of risk management.

The new Dancing Bear will be a consistently net short fund using a dynamic mix of opportunistic trading, fundamental-based stock picking and sector rotation. The fund will use limited leverage and will make long-side investments to make money as well as to provide a hedge to the portfolio.