Andrew Dickson set to launch first long-only fund in first quarter of 2016.
Ex-Perella Weinberg Partners Capital Management partner Andrew Dickson is launching an equities hedge fund business in the first quarter of 2016 with an initial $100m, HFMWeek understands Albert Bridge Capital’s Alpha Europe Long Only fund will focus on European equities, holding between 15 and 25 stocks, and is targeting a $750m close. The firm is also considering the launch of a long/short fund.
The firm is understood to be expecting significant flows into the Cayman-domiciled fund from endowments and institutions.
Dickson left his role as partner and portfolio manager with $8.6bn Perella in January and has previously held roles at Fidelity and Och-Ziff Capital Management having also founded his own hedge fund firm Dickson Capital, which he ran between 2008 and 2012.
Dickson Capital was merged into a Perella fund in 2012 to form the Alpha Europe Fund, which closed down in 2014 after failing to reach the requisite AuM.
London-based Albert Bridge is awaiting FCA authorisation.
Dickson has recruited former Perella director Doriana Pavlicu, who was also part of Dickson Capital, as head of operations as well as ex-Perella analyst Charles Hwang.
In July Perella Weinberg money manager Daniel Arbess left the firm to focus on investing in private markets having managed Perella’s Xerion hedge funds, which closed in late 2014 after the main fund fell -7% in the first 10 months of the year.