In another sign that the freeze in new-fund launches may be thawing, two former analysts, Vlad Artamonov of Greenlight Capital and Todd Plutsky of Ivory Investment Management, are starting out with no formal investment track record, but a lot of a confidence: They are targeting 20% returns.
The two founders of Coastal Investment Management plan to launch their maiden long/short equity fund, Coastal Investment Partners, in July. As of late June they were hunting for a chief financial officer/controller and analyst.
The pair met at Harvard Business School. They won't say whether Greenlight or Ivory has given them