Hedge Funds

Former CSFB equity trading chief O'Mara readies multistrat fund


Tom O'Mara, former head of trading, head of equity convertibles, and chief risk officer at Credit Suisse First Boston, is preparing for the March launch of his multistrategy fund, ClarinBridge Capital.

Clarinbridge is based in Rumson, NJ, and will initially seek to raise between $50 million and $100 million.

O'Mara, who left CSFB in mid-2005 after 14 years, has taken on as a partner Tom Donatelli, a founder of SageCrest, a five-year-old $400 million Greenwich-based credit opportunity fund. Prior to SageCrest, Donatelli was a mergers-and-acquisition banker at Donaldson, Lufkin & Jenrette and other firms.

ClarinBridge will invest across the