Sean Gambino, who closed his own Heron Bay Capital hedge fund firm in 2022 to join Eisler Capital, is leaving the multi-strategy investment firm to set up on his own again, according to a report by Bloomberg.
The report cites people with knowledge of the matter as confirming that the New York-based equity long-short trader is setting up Baypointe Partners, with Eisler, which currently manages around $4bn, expected to invest in the new fund.
Before moving to Eisler, Gambino managed about $400m in peak assets at Heron Bay, which had produced an average annual return of 18.6% discs launching in June 2015, despite being net short on equities on average. Meanwhile, equity long-short hedge funds tracked by Bloomberg recorded an average annual gain of 3.5% over the same period.
