(Photo: Fairfield County Look)
Chris Winham, who ran Diamondback Capital
Management's Harbor Watch unit, has left with two analysts and
is preparing the launch of a new long/short equity fund
sometime in the third quarter, according to people familiar
with the situation.
The firm, Tide Point Capital, will invest in highly
liquid stocks in such cyclical sectors as basic materials,
consumer, energy, home building, industrials, and
transportation. Tide Point hopes to launch with between $100
million and $150 million and will be based in Greenwich, Conn.,
according to the sources.
Winham, who will serve as chief investment...