Hedge Funds

Uddo's Praesidium closes at $60 million


Peter Uddo, a former portfolio manager and telecommunications specialist at Viking Global Investors, recently soft closed his new fund, Praesidium Partners, with $60 million in assets.

Uddo and his partner Kevin Oram, the former global sector head of technology investments at Sanford C. Berstein & Co., are said to be growing the fund further with existing investors.

The strategy is similar to another former Viking colleague John Lykouretzos and his firm Hoplite, which had a soft close at $90 million in assets and has since grown to approximately $166 million.

Uddo left Viking in April 2003 and his New