Launches & Closures Hedge Funds

Copia Capital, led by FrontPoint vet Flannery, launching second fund


New long/short strategy follows 4.99% gain this year for market-neutral fund


 Copia chief Tim Flannery

Copia Capital, the $300 million Chicago firm that spun out of FrontPoint Partners last year, will launch a long/short energy-focused equity fund in the first quarter of 2012 that employs a similar strategy to its existing market-neutral fund, a person familiar with the firm’s plans said.

The firm, headed by Tim Flannery, has been quietly incubating the strategy since the beginning of the year with $5.5 million of partners’ money. The new strategy has gained approximately 7% for the year through the end of November, according to