15/02/2012 Author: Elana Margulies

Contour launches flagship hedge fund to investors

Contour Asset Management, the $1bn New York-based investment manager part-owned by Scandinavian hedge fund giant Brummer & Partners, has launched its flagship hedge fund to outside investors, HFMWeek has learned.

According to an investor document, the Manticore Fund LP and Ltd, which initially debuted in October 2010, implements an equity US long/short strategy focused on the telecom, media and technology (TMT) sector.

David Meyer and Seth Wunder are the fund’s portfolio managers. Before Contour’s inception in 2010, the duo worked at Brummer & Partners and Manticore Capital, which is now solely managed by Contour.

Meyer joined Brummer in 2004 as a technology analyst covering the software and information technology services for the Zenit Fund, before moving to Manticore Capital in 2005. Wunder was associated with Brummer since October 2009, initially as part of the investment team for Manticore.

News of Contour’s launch of the Manticore Fund to outside investors comes as other hedge fund professionals in the TMT space are fundraising for a new strategy.

Earlier this month, HFMWeek exclusively reported that Jaimin Rangwalla left the New York-based TMT hedge fund Coatue Management to start raising money for a new long/short fund, which is expected to debut at the end of the third quarter.