Thomas Monaco, who helped manage FrontPoint Partners LLC’s
financial services investments, is seeking to start a hedge fund focused on
Asian financial stocks, said four people with knowledge of the matter told Bloomberg.
Monaco has named his company Nighthawk Capital Ltd.,
according to a company registration document. He has reached out to investors
who may be willing to put money into a new long- short fund, which would bet on
rising and falling prices, said the people who asked not to be identified
because the information is private. Monaco declined to comment.
Nighthawk would be one of a few hedge funds focused on a
single Asian industry outside of telecommunications, a sign that the market for
financial stocks in the region has become deep enough for hedge funds to ply,
said one of the people….
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