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...