In a play to exploit rising global demand for highly engineered metals and industrial products, an alumnus of $1.1 billion Passport Capital Management is preparing to launch a long/short equity fund.
Rob Neal was set to launch his Skellig Partners on April 1 with about $50 million. The fund will be the first offering by his New York-based firm, Skellig Capital Management. It will make concentrated long-term bets on companies in the metals, mining, industrial and logistics sectors.
Until February, Neal had been an analyst covering industrial equities at Passport, the heavily value-oriented long/short