Michael Murphy, who formed wealth management and research firm Olympia Capital Markets Group, and former Circle T manager Evan Fox will debut Rosecliff Capital in August.Michael Murphy, founder of wealth management and research firm Olympia Capital Markets Group, has formed Rosecliff Capital and is preparing to launch a hedge fund of the same name on August 1. Murphy will roll out the long/short U.S. equity strategy with $25 million.
Evan Fox is joining Rosecliff as head portfolio manager. Fox will make all day-to-day investment decisions, while Murphy will focus on managing the business and handling operations.
“The weakness you get with a lot of small startups is that the portfolio managers, while very smart, have no idea how to run a business,” said