Cavalry to top $1bn by year-end

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John Hurley's Cavalry Technology is on course to top $1 billion of assets by the year-end, making the long/short technology shop the most successful equity launch of the year. With the flood of capital has come an army of analysts and back office staff from Hurley's former employer, Larry Bowman.

Such is the deluge of talent from Bowman Capital, the one-time star of the technology world which topped $5 billion in 1999 before plunging as the NASDAQ rolled over, that many observers are saying the only change is the nameplate on the door. Hurley has been swapped for Bowman