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Former Third Point Manager Raises Money for a Short Fund
James Caruthers’s Sophos Capital Management launches a short-biased hedge fund despite the perils of the shorting game.
A former Third Point portfolio manager is raising capital for a new hedge fund. But it isn’t an activist fund. James L. Carruthers Jr., whose Menlo Park, California–based Sophos Capital Management is passing the hat for Sophos Partners, is a short-selling specialist. The majority owner, managing director and portfolio manager of SCM
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