Hedge Funds

Essex man starts Loch Capital


It's rare to encounter family members managing the same hedge fund, but even more unusual is a hedge fund run by twin brothers. Yet, Tim and Todd McSweeney, who started the Boston-based firm, Loch Capital, at the beginning of this year, clearly don't suffer from sibling rivalry.

When Tim McSweeney resigned from managing the Essex Global High Technology Fund last October, he immediately began to build Loch Capital with Todd, former head of global technology at Baring Asset Management. Inevitably, given their technology backgrounds, they launched both onshore and offshore versions of the Loch Fund, a US long/short technology