Fund launches & closures Hedge Funds

Former Diamondback team preps Tide Point Capital

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Chris Winham hopes to launch an equity fund in the third quarter.

  
 Chris Winham of Tide Point Capital
  Chris Winham
(Photo: Fairfield County Look)

Chris Winham, who ran Diamondback Capital Management’s Harbor Watch unit, has left with two analysts and is preparing the launch of a new long/short equity fund sometime in the third quarter, according to people familiar with the situation.

The firm, Tide Point Capital, will invest in highly liquid stocks in such cyclical sectors as basic materials, consumer, energy, home building, industrials, and transportation. Tide Point hopes to launch with between $100 million and