Glenview exec to begin new fund

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Lloyd Mandell, a former managing director at Larry Robbins' $6.7 billion Glenview Capital Management, is gearing up for a summer launch of his own long/short fund.

The first offering from Mandell's New York-based Coeus Capital Management, the fund will take a multisector approach and will be weighted toward technology and healthcare. Mandell focused on both areas at Glenview. The fund will also invest principally in U.S. companies.

Coeus will be long-biased and its core positions will carry a relatively long investment time horizon.

Mandell is backed by a six-person team. Gregory Chew, a former vice president of finance