(Reuters) Hedge fund veteran Kenneth Brody has come out of retirement to launch a new money management firm, a person familiar with the situation told Reuters on Thursday.
Brody, who co-founded Taconic Capital Advisors and retired in 2013, has reemerged as chief executive of Sutton Square Partners, a New York-based hedge fund manager.
Sutton Square will start investing on Sept. 1 with more than $100 million, including $50 million from Brody, according to the person. The fund will focus on stock picking, betting for and against stocks across sectors.
