The $1.1 billion firm, which has liquidated five funds over the past two years, also hires a senior marketer.
|Anne-Sophie van Royen |
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