Fund launches & closures

Former Maverick financials chief Gunnar Overstrom plans new equity fund

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Another recently departed senior executive prepares to start his own firm next year.

 
 Gunnar Overstrom (Photo: Manhattan Society.com 2006 by Christopher London)

Gunnar Overstrom, a decade-long partner and head of financials investing at Maverick Capital, is in the early stages of planning a new hedge fund firm with former TPG-Axon Capital Management principal Jeff Eisenstein, according to multiple people who have met with the partners or were briefed on the launch.

The new long/short equity fund will invest in a range of industries including financial stocks, Overstrom and Eisenstein's area of expertise. The exact strategy is not set, nor are the name of the firm