Launches & Closures Hedge Funds

Tactica equity fund launches with $100 million


Liam Dalton resigned as CEO of $1.2 billion wealth management firm Axiom to manage a hedge fund.


Tactica founder Liam Dalton
Photo: Bloomberg

A new long/short called Tactica recently launched with $100 million, according to people familiar with the firm. It is the first such venture by chief investment officer Liam Dalton, who resigned as chief executive of wealth management and brokerage firm Axiom Capital Management in June to try his hand at a pure hedge fund.

Dalton founded Axiom in 1988 and built it into a $1.2 billion firm that allocates to long-only and long/short investment products via managed accounts for individuals and institutions.

Tactica’s five person investment team began trading