Launches & Closures

Weiss Europe team preps New York-based LL Capital launch


Former Weiss Multi-Strategy Advisors portfolio manager Matt Goldsmith and his European long/short equity team of analysts are setting up LL Capital Management and hope to begin trading with an estimated $150 million to $250 million in the first quarter of 2013, according to people familiar with the situation.

The team worked together at the $1.3 billion hedge fund affiliate of brokerage George Weiss Associates, but left the New York based firm this summer as their strategy did not match new lower-volatility objectives of Weiss’ multi-manager funds following a period of weak performance and declining assets.

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