Hedge Funds

Capital Z loses principal but plans new hedge funds


Capital Z Investments' Oliver Bergmann, who for two years helped oversee hedge fund selection and monitoring, left the firm this week.

Meanwhile, the $2.3 billion firm sought to quash rumors of an alleged mass exodus from Capital Z's hedge fund unit. A spokesman for the firm noted there had been a number of departures from the New York-based group in recent months. But he says these were primarily marketers who had been working for the firm's private equity division, which last year scrapped plans for a new fund and temporarily halted capital raising.

Some senior departures, including partner John