SAC, Renaissance veteran preps quant fund
November 14, 2011
Andrew Mullhaupt, Paul Cargiulo and Charles Steele plan to launch Meadowood Capital in the first quarter.
The former co-head of SAC Capital Advisors’ systematic Meridien Fund, Andrew Mullhaupt, is joining with banking veterans Paul Cargiulo and Charles Steele to launch Meadowood Capital in the first quarter, according to people familiar with their plans.
The firm hopes to launch with between $75 million and $150 million. Besides the three partners, the capital will initially come from friends, family and family offices, but the Meadowood executives, who declined to comment, are also in discussions with seeders about a potential deal.
Meadowood will initially work out of offices at 712 Fifth Avenue in Manhattan and is actively...
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