Industrial stock specialists Ken Brodkowitz and Mike Vermut have set up their own firm.
On June 1, Newland Capital Management was set to launch an industrial stock-focused long/short equity and event-driven fund with $125 million to $200 million.
Prior to launching Newland, which combines the managers home states of New York and Maryland, Brodkowitz and Vermut were partners and industrial sector portfolio managers at Balyasny Asset Management. During their four years at the $1 billion multistrategy operation founded by Dmitry Balyasny, they produced positive risk-adjusted returns in excess of the market.
The pair also gained impressive experience before arriving at