Hedge Funds

Ex-North Sound pair get ready to trade new fund

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Two former North Sound Capital managing directors, David Zusman and McAndrew Rudisill, are ready to begin trading their the first offering from their newly established firm BrightWater Asset Management.

The pair, who left the multi-billion hedge fund in March, are planning to launch a long/short investment fund on June 1. The fund will focus on natural resources, commodities and cyclicals.

Both Zusman and Rudisill made investments at North Sound in those same sectors.

The two have been joined by chief financial officer Don Krueger, who hails from Valenzuela Capital Partners, and chief risk officer Steven Resnick, who has vast