Exis backs new Levitt fund

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Exis Capital Management, the $800 million trading-oriented hedge fund firm run by SAC Capital alumnus Adam Sender, is backing a new financial services long/short equity fund that will be run by Bruce Levitt.

The as yet unnamed fund will be the first that Levitt himself has run. But, over the last 14 years, he has managed money for some of the highest profile names in the business. He was most recently a senior portfolio manager with Soros Fund Management, which he left at the same time as chief investment officer, Bob Bishop, earlier this year. Previously, he ran equity