Bloomberg – Steven Eisman, the investor known for betting against for-profit schools and subprime mortgages, is leaving FrontPoint Partners LLC and plans to start his own firm, according to two people briefed on the matter.
His FrontPoint hedge funds, Financial Horizons and Financial Services, will be liquidated, said the people, who asked not to be identified because the information is private. FrontPoint’s Quant Macro, Strategic Credit, Rockbay and Direct Lending funds will remain open.
