Hedge Funds

Ex-Cobalt man Woodbury is planning solo venture


John Woodbury, who was most recently at Cobalt Capital, is planning to launch his own hedge fund before the end of 2004. Woodbury has founded Independence Capital Asset Partners and is planning to debut his first fund December 1.

Joining Woodbury at the Denver, Colorado-based firm is Jim Hillary, formerly a mutual fund manager at the $31 billion Marsico Capital Management. The fund is expected to launch with as much as $150 million in assets.

The pair have also hired Anita Felicia, formerly with Janus Capital Group, as COO of the new firm. Woodbury was most recently at