SAB Capital research director Kenney Oh has resigned from the New York value-oriented, special-situations fund and plans to launch his own equity firm sometime later this year.
Oh joined SAB six years ago as an analyst. He was later promoted to partner before becoming research director. It is thought that SAB founder Scott Bommer may personally invest capital in Oh's new venture.
SAB was up 14.2% last year and has gained 1.5% year-to-date. About three-quarters of the firm's portfolio is typically allocated to equities and roughly 25% to credit and distressed positions.
Through 2002, the