Fund launches & closures

Ivory and Citadel vet Mads Jorge plans new firm

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He hopes to launch cyclical equity shop Avizor Capital next year; searching for an anchor investor.

Mads Jorge, a former portfolio manager at Ivory Investment Management and Citadel's PioneerPath Capital, is pursuing the launch of a new hedge fund firm.

His Los Angeles-based venture, Avizor Capital Management, would invest in stocks from the commodities, industrial and consumer industries in the U.S. and Western Europe, making it a so-called "global cyclicals" fund. Jorge told Absolute Return he hopes to launch early next year pending his search for an anchor investor or other institutional capital. He declined to disclose the fund's terms or say how much money he was hoping to raise.

Avizor is represented by law