Former Highbridge Capital Management portfolio manager Jason Esralew is launching an event-driven hedge fund at Ionic Capital Management, San Francisco Chronicle reports, citing Bloomberg. Esralew will start marketing the fund later this month.
The new vehicle will be rolled out early next year. Ionic, which has $2 billion in assets under management, was founded by former Highbridge managers Bart Baum and Dan Stone and former Highbridge executive Adam Radosti in 2006.
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