Husam Nazer, a former long-time TCW Group manager
who recently served as a co-head of DoubleLine
Capital’s equity business, has set out on his own
with the backing of TCW founder Robert Addison Day. Nazer, who
left the Los Angeles-based DoubleLine at the end of June, plans
to launch the equity-focused Sword Capital Partners September
1, according to filings with the U.S. Securities and Exchange
Commission and a person familiar with the matter.
The new, Los Angeles-based fund will pinpoint
equities investments in small and middle-market companies, the
filing said, but also expects to use derivatives positions to
bolster long and short bets. It will hedge using sector index
Nazer will share space with the Oakmont Corporation,
Day’s family office. Day has long had his hands in
the hedge fund...