Hedge Funds

Tremblant taps Tiger cub for new telecom, media fund


Brett Barakett's $4 billion Tremblant Capital Management is getting ready to launch a telecommunications and media long/short equity fund, with Tiger cub Mark Beder at the helm.

For the last five years, Beder had been running his own hedge fund firm, KiCap Management, together with Patrick Earle. The two had worked together at Tiger Management, where Beder was a managing director for global telecom and media stocks. But they shut down the market-neutral KiCap over the summer, after netting an annualized return of less than 4% and reporting a roughly 1% gain this year.

Beder will serve as sole portfolio