Hedge Funds

Redbrick on course for $300m start


Harvard Management Company alumni Tony Morgan and Jeff Baum are teaming up together for the launch of a global multi-strategy arbitrage fund this fall.

The pair recently started Boston-based Redbrick Capital and are planning to commence trading in November. Redbrick is expected to raise between $300-$500 million in initial capital for the fund.

The fund will focus on non-directional strategies. Redbrick will have three investment themes. The event team will be led by Morgan and will focus on event-driven and merger arbitrage.

The volatility team will be led by Baum and will focus on convertible/volatility arbitrage and capital