Fund launches & closures

Millennium veteran Lupoff readies $100m distressed launch

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Former Millennium Management trader Peter Lupoff is gearing up for the August launch of Tiburon Capital Management, a New York shop of his own that will specialize in distressed debt investments, capital structure arbitrage and special situations. The firm plans eventually to open an office in San Francisco as well.
Lupoff, who left Millennium earlier this month, will serve as Tiburon’s chief executive and chief investment officer. “During my 20 years in the business I have made significant money for and built significant brand equity at other firms, and now it’s time to do my own thing,” said Lupoff. 
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