Launches & Closures Hedge Funds

Former Citadel PM J.J. Berney to launch equity fund


TriOaks Capital Management hopes to begin trading in May with $350 million.

   J.J. Berney (Photo: Levelwing)

Citadel veteran Jeffrey Jon “J.J.” Berney is preparing the launch of TriOaks Capital Management, a New York based long/short equity fund focused on the communications, media, entertainment and consumer sectors.

Founder and chief executive officer Berney hopes to launch with around $350 million in May, according to a person familiar with the situation. He has been “temporarily retired” due to an “extended non-competition agreement” since leaving now $11.1 billion Citadel in May 2010, according to his LinkedIn profile. Although not employed full time,