BN Capital to begin trading before yearend.
J. Richard “Dik” Blewitt, until this spring the co-head of BlackRock’s securitized assets division, is working with Jim Neumann, a former co-head of Ramius HVB, the fund of funds business of Ramius, to launch a new hedge fund, according to three people familiar with the plans.
Their multistrategy BN Capital will start trading with its founders’ capital before yearend, the people said (it is unclear when the firm will open to outside capital). It will have a securitized products focus, similar to many of the hottest recent launches. The strategy may also