Kiitos Capital Management, a Beverly Hills, Calif.-based hedge fund firm recently started by Cantillon Capital Management alumnus Santtu Seppala, will launch its first fund on October 1.
Kiitos Global Health, a global long/short equity fund, will focus on healthcare stocks. Seppala began his career in 1998 as a healthcare analyst for Lazard Asset Management. In 2003, he joined the newly launched Cantillon as an analyst and went on to manage the Cantillon Health fund from 2005 until the portfolio’s liquidation in early 2007.
Cantillon Health, which was started in September 2005, generated an annualized return of 7.32% during its