(Bloomberg) After a cohort of hedge fund veterans called it quits last year, a trio of established managers are prepping to fill their shoes in 2018 by starting firms with at least a billion dollars apiece.
Daniel Sundheim, who until last June was investment chief at Viking Global Investors, Michael Gelband, who about a year ago surprised his boss Izzy Englander by quitting as Millennium Management’s head of fixed income, and Steven Cohen, the billionaire who until January was barred from trading client money after his old firm pleaded guilty to securities fraud, plan to roll out their long-anticipated funds.