Hedge Funds

Fichthorn gets Dialectic started with Alliance man

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John Fichthorn, a former managing director in the technology group at Maverick Capital, has raised $50 million for his New York-based Dialectic fund, which focuses on technology, consumer products and retail.

The multi-sector fund was up 8.5% net-of-fees last year and up 4.1% in January and a little over 50 basis points in February. The firm is planning to have a soft close once the fund reaches $100 million in assets. After six months, the firm plans to reopen the fund to new investors.

Fichthorn has also made some personnel changes, which include the departure of Mark Hoffman, a former