A former senior executive at the now-defunct hedge fund FrontPoint Partners is preparing to launch his own hedge fund firm.
Bloomberg reported that Thomas Monaco’s Nighthawk Capital will focus on trading Asian financial stocks. Monaco is currently fundraising for the fund.
The article said that Nighthawk would be “one of the few hedge funds focused on a single Asian industry outside of telecommunications, [which] a sign that the market for financial stocks in the region has become deep enough for hedge funds to ply.”
No other additional information was disclosed about the fund.