Launches & Closures Hedge Funds

Olympia Capital Markets founder, Circle T manager form long/short fund

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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.

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