Two former analysts and a fixed income portfolio manager from Pirate Capital have joined FrontFour Capital Management, the new event-driven hedge fund founded by Andrew Stotland, former senior director of sales and marketing at Pirate.
Zachary George and David Lorber, former Pirate analysts and Carl Klein, a former fixed income portfolio manager will join FrontFour as it launches in the coming months.
FrontFour’s capital comes from Weston-Atlas Partners, which is a venture between Weston Capital and the London-based Atlas Capital Group, an alternative asset management firm.
Stotland, who raised the majority of Pirate Capital’s assets, left the firm in August. The other three left Pirate in September with a group of staff members.
Shortly after Pirate’s performance fell below its historical high returns, forcing the firm to close its funds to new investors to concentrate on its overall growth.