Fergus Shiel, the former star mutual fund manager at Fidelity Investments who left earlier this year to pursue opportunities in hedge funds, is gearing up for the launch of his long-biased Round Tower fund this month. At Fidelity, Shiel managed several top performing funds which together represented over $6 billion in assets.
Round Tower's main objective is to preserve and compound capital primarily by investing both long and short in U.S.-listed equity securities. The main thesis behind the investment strategy is that stock prices follow earnings trends and the market forces discount future stock prices. As a result,