Citadel to seed Todd Kantor's Encompass with $100 million
By Rob Copeland
Tue Nov 29, 2011
The PioneerPath spinoff, the first to be seeded by Citadel, will invest primarily in energy stocks.
Citadel plans to seed one of its PioneerPath portfolio
managers, Todd Kantor, with $100 million when he launches
energy-focused equity shop Encompass Capital, according to
Encompass is expected to begin trading its maiden long/short
fund in the first quarter of 2012 with Kantor as portfolio
manager and at least four analysts- Holt Calhoon, Peter
Chidyllo, Michael Jacobs and Jeremy Sussman-from PioneerPath.
The firm also employs chief financial and operations officer
Larry Kassman, who was formerly the CFO of fund of funds...
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