FrontPoint to Spin Out Remaining Hedge Fund

December 28, 2011

On December 22, 2011, newstimes.com reported that FrontPoint Partners LLC’s last hedge fund manager, Stephen Czech, will leave the firm to start his own hedge fund.

On December 22, 2011, newstimes.com reported that Stephen Czech will leave FrontPoint Partners LLC to start Czech Asset Management LP in January.  Czech, who will be the managing partner and chief investment officer of the new firm, will also take his team and the approximate $1.1 billion in assets they manage.  Investors reportedly requested that the fund be moved from FrontPoint in the wake of insider trading allegations involving FrontPoint fund manager Chip Skowron.

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Categories

Hedge Fund M&A, Investment Manager M&A, Transactions