The former co-portfolio manager of the $978 million Tribeca Alpha Plus Fund is getting ready to start a new long/short investment firm with the Sydney-based multi-boutique.
Sean Fenton and three others are expected to launch a new equities boutique in August.
The boutique's distribution, marketing and back office functions will be overseen by Channel Capital, which also partners on certain functions with Mark Landau's long/short equities house L1 Capital.
Fenton is joined by Peter Moore, a quantitative analyst at Tribeca who resigned on April 8, only a couple of days after Fenton's resignation was made public.
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Others on the team include former Tribeca investment analyst James Delaney and Kelli Meagher from Platypus Asset Management.
Fenton left the Tribeca Alpha Plus Fund earlier this year, leaving his co-portfolio manager Jun Bei Liu as the sole manager for the fund.
Liu joined the firm in 2005 as an investment analyst. She moved up to deputy portfolio manager of the Alpha Plus Fund in 2016 and to co-portfolio manager in June last year.
The Tribeca fund had $978 million across its class A, B and C units, as at March end. It considers the capacity of the strategy to be $1 billion to $1.5 billion.