Hedge Funds

Media fund Rhombus planned by Fiszel


Dave Fiszel, a former portfolio manager at SAC Advisors, has started his own firm, Rhombus Capital Management, and is preparing to roll out his first hedge fund. The New York-based operation is planning the launch of a long/short equity hedge fund in July. It will focus on media and telecommunications, Fiszel's specialty. At SAC, Fiszel ran a media and telecommunications-focused equity portfolio.

Joining Fiszel at Rhombus is Greg Heyman, formerly an investment analyst and portfolio company operations executive at Carl Icahn's Icahn Associates. Dave Malat, formerly the chief accounting officer at Pequot Capital,

has joined as CFO, and