Launches & Closures

Viking veteran Jim Parsons readies equity fund


The former TMT PM targets fourth quarter start.

Jim Parsons, a former portfolio manager of $21.2 billion Viking Global Investors, is in the early stages of launching his own hedge fund firm, according to people familiar with his plans.

Viking announced In March 2012 that Parsons was departing after nine years due to differences he had with founder Andreas Halvorsen regarding the direction of the long/short equity firm. Parsons managed about 15% of Viking's exposure across the technology, media, telecommunications, financial and business services industries, and served on the firm's management committee. In a letter to investors at the time, Halvorsen called him a "leader on