Launches & Closures Hedge Funds

Perry alum's Sonterra set to launch

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Perry Capital alumnus Tye Schlegelmilch is set to launch his Sonterra Capital Fund, a global long/short equity strategy, on October 1.

The new fund will employ a strategy similar to investment methodology Schlegelmilch employed at Perry, where he oversaw management of a roughly $1.5 billion portfolio and led that firm's industrial and energy stock team. Schlegelmilch was with Perry from 2004 until early this year, when he and two other equity specialists left following the firm's decision to reduce its U.S. equity holdings in order to enhance its exposure to the credit industry.

Sonterra Capital Fund will concentrate