An alumnus of Symphony Asset Management and a veteran of Scion Capital have teamed up to form Soma Asset Management and prepare to launch a long/short equity fund that targets small-cap and microcap stocks.
Igor Lotsvin and David Chus first fund, Soma Isosceles Opportunity Fund, will open in the second half of the year.
San Francisco-based Soma will concentrate on companies with little or no sell-side coverage that are too small and illiquid for sophisticated investors to pay attention to.
Lotsvin most recently co-managed San Francisco-based Symphonys flagship long/short equity fund. Previously, he was a high-yield distressed securities