Hedge Funds

Soros, Camulos alum unveils event-driven portfolio

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Bill Seibold, who previously co-founded Camulos Capital as well as the distressed business at Soros Fund Management, is expected to launch a new fund on April 1 with about $200 million, according to a potential investor.

Seibold will serve as portfolio manager of Noroton Event Driven Opportunity Fund, the first offering of his Darien, Conn.-based Noroton Capital Management.

The manager anticipates finding plenty of event-driven investment opportunities this year, initially in senior loans being offloaded by forced sellers and credit default swaps on companies with high operating leverage or high commodity price exposure, according to a marketing document.

Seibold believes