Robert Kim, formerly with GLG Partners, is setting up his own hedge fund Cydonia Capital Management. The New York-based firm is planning to launch an equity fund in July. Kim has worked at several top shops including Soros Fund Management, SAC Advisors and Moore Capital, where he focused on the consumer and healthcare sectors. He has also brought on board Bill Dalton, formerly head trader with Soros. The fund will employ a bottoms-up fundamentally research-driven stock picking approach initially biased toward investment in the U.S. consumer staples and discretionary sectors.