FORMER PERELLA WEINBERG PARTNERS EXEC DICKSON LAUNCHING NEW HEDGE FUND

Andrew Dickson, formerly a partner with Perella Weinberg Partners Capital Management, is prepping a new London-based hedge fund firm.

The new company, named Albert Bridge Capital, will launch in the first quarter of next year with an initial equity-focused fund of around $100 million, according to a Reuters article that cited six unidentified sources familiar with the matter. Albert Bridge has reportedly submitted the requisite paperwork to the U.K.’s FCA and has an eventual AUM target of $750 million.

The initial fund will focus primarily on 15-25 equity positions. Eventually, Albert Bridge plans to open a second fund that will be more of a long/short vehicle, according to Reuters.

Dickson joined $8.5 billion alternative asset manager Perella Weinberg in 2004 after jobs at Fidelity and Och-Ziff Capital Management. He also founded equity hedge fund Dickson Capital Management, which eventually meshed with Perella Weinberg before it was shut down last year.

Joining him at the new venture is former Perella director Doriana Pavlicu, who will be head of operations at Albert Bridge, and ex-Perella analyst Charles Hwang.