Second Curve Capital, the financial sector hedge fund shop founded by Tiger Management alumnus Tom Brown, is planning to launch a small- and mid-cap fund in the fall. The firm is finalizing which prime broker it will hire for the new fund, said Stephen Krug, coo, declining to elaborate. Second Curve, which manages USD275 million, uses ABN AMRO as the prime broker for its flagship fund.
The firm has also hired Rick Biggs, as an analyst. Biggs said he was previously an associate with Sanford C. Bernstein & Co.'s consumer finance team. The hire brings the analyst team to five, Krug said. A Bernstein spokesman did not return a call. Brown was unavailable for comment.
