Canyon tech expert plans launch

Thu Jun 1, 2006

Steve Bardack, a senior technology analyst at Canyon Capital Advisors, has left the $8.1 billion Los Angeles hedge fund shop to start his own fund. Beverly Hills-based Strata Capital Management will launch a technology-oriented long/short equity fund on August 1.

Strata plans to accept no more than $400 million at launch, and it's already well on its way to raising that amount. The firm has secured a strategic $50 million initial investment from an unnamed billion-dollar hedge fund, and it...

ISSN: 2151-1845 / CDC10004H

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