Philip Hilal Introduces Hedge Fund Entitled Clearfield Capital Management
Following to person with knowledge of the matter, Clearfield Capital Management, a special-situation hedge fund that will focus on long/short equity and event-driven investments, is being launched by Philip Hilal, a former executive from Kingdon Capital.
Hilal
left Kingdon earlier this year after eight years there as a generalist.
So far, Hilal has raised more than $200 million and Mark Kingdon, his
former boss, will be among the new fund's founding investors, the person
said.
Hilal,
who has kept a low profile in the hedge fund industry by rarely
speaking at industry conferences, did not return a message seeking
comment.
He
is the latest in a string of seasoned investors to spin off from their
old firms to start a next generation of hedge funds at a time pension
funds and other big investors are looking to allocate more money to
alternative strategies.
New
York-based Clearfield will invest primarily in developed-market
equities, in a multi-disciplinary approach, continuing the strategy
Hilal implemented at Kingdon. The firm expects to focus on a limited
number of ideas.
Source: Reuters
