Fund launches & closures Hedge Funds People moves Performance

TIG Advisors launches two strategies with Credit Suisse, Iridian pros

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The $1.1 billion firm, which has liquidated five funds over the past two years, also hires a senior marketer.

  
 Anne-Sophie van Royen
(Photo: LinkedIn)
TIG Advisors, the $1.1 billion New York firm that incubates emerging managers, is launching two hedge funds headed by recent émigrés from Iridian Asset Management and Credit Suisse.

The long/short equity TIG Procella fund began trading internally last month with Ben Hunt as portfolio manager. It will officially launch June 1 with a strategy focused on U.S. and Western European stocks influenced by political themes, a person familiar with the fund said.

Hunt joined TIG in March from $6.8 billion Iridian, where he was co-portfolio manager of the once-$860 million global equity