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.
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...
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