Hedge Funds

Big redemption adds to Claiborne woes


A big redemption has added to the problems facing Tiger and SAC alumnus Kevin Becker who has already been forced to let go a number of senior investment professionals at his Greenwich-based equity shop, Claiborne Capital, after a period of rocky performance.

Some, such as highly-regarded portfolio manager Steven Litt, who worked at BEM Management as a managing director and lead research analyst as well as analyst stints at Sanford Bernstein and Salomon Brothers, are starting their own funds. Litt is launching his fund together with former Claiborne senior analyst Steven Prince. The fund will focus on mid