Two PMs leave Taconic to form value equity shop

By Lawrence Delevingne

Wed Jun 13, 2012

Their departure is a first for the 13-year-old event-driven firm.

   Chris Delong
Portfolio managers Adam Fox and Sam Elder are leaving $7.5 billion Taconic Capital Advisors to launch a fundamental equity investing hedge fund, the first time in the firm’s 13-year history that two senior members have departed to start their own shop.

Event-driven Taconic, founded by Ken Brody and Frank Brosens in 1999, announced the departures today in a letter to investors.

"The structure of our firm has...

ISSN: 2151-1845 / CDC10004H

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