Hedge Funds

Carlson spin-out to form Verity


Rory Connor, Bo French and Scott Lydick, as well as two operational personnel, are leaving Clint Carlson's Dallas-based hedge fund firm, Carlson Capital, to start multiple-product shop Verity Capital.

The new operation will be based out of Fort Worth, Texas, and is planning several fixed-income and equity funds that will employ three core strategies including relative value, directional and event driven. These strategies are similar to the strategies the team worked on at Carlson.

Carlson runs the Black Diamond family of arbitrage funds, and manages around $4.7 billion in assets.