Fund launches & closures

Ex-Diamondback PM preps TMT fund

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Adam Wolfberg hopes to launch EastBay in April with longtime partner Steve Landry.

  
  Adam Wolfberg (Photo: Patrick McMullan via Parkinson's Disease Foundation)
Adam Wolfberg, a former portfolio manager at now-closed Diamondback Capital Management, and his longtime partner Steve Landry are preparing to launch a long/short equity hedge fund that will invest in the stocks of technology, media, telecommunications and leisure companies.

Wolfberg will the portfolio manager of the new Manhattan-based shop, EastBay Asset Management, and Landry will be director or research.

EastBay hopes to launch April 1 with at least $100 million, according to a person familiar with its plans. The firm