- Tom Conheeney's new fund, which is called EmeraldRidge Advisors, is planning to add two well-known portfolio managers, Vincent Daniels and A. Porter Collins.
- The pair is most famous for being portrayed in the Oscar-nominated movie "The Big Short," which featured their time working for Steve Eisman's FrontPoint Partners.
- Conheeney, Steve Cohen's former right-hand man, is also planning on bringing on Adam Wolfberg, who was previously a portfolio manager at Diamondback Capital.
- Hedge Fund Alert reported that several former SAC Capital execs will be joining the new firm as well.
- Visit Business Insider's homepage for more stories.
EmeraldRidge Advisors — the new fund coming from Steve Cohen's former right-hand man Tom Conheeney — is adding some star power.
Sources tell Business Insider that Vincent Daniels and A. Porter Collins plan to join the not-yet-launched firm.
The pair of portfolio managers are most well-known for being featured as characters in the movie "The Big Short," based on the Michael Lewis book that catalogued the work the pair did at Steve Eisman's old fund, FrontPoint Partners.
The two later started a fund together, SeaWolf Capital, and also worked as portfolio managers in Citadel Aptigon's unit, but were cut when Ken Griffin closed Aptigon in March 2019.
EmeraldRidge is also planning to add Adam Wolfberg to the investment team, sources say. Wolfberg was a portfolio manager at Diamondback Capital for roughly five years, and has been co-running EastBay Asset Management since late 2012, according to his LinkedIn.
Read more: Steve Cohen's former right-hand man is launching his own fund called EmeraldRidge Advisors.
Daniels, Collins, and Wolfberg all did not respond to requests for comment or could not be reached for comment. EmeraldRidge declined to comment.
Diamondback was founded by Richard Schimel and Larry Sapanski, who previously worked at Cohen's SAC Capital with Conheeney before setting out on their own. Schimel and Sapanski launched a new fund last year, called Cinctive Capital.
EmeraldRidge, which sources expect to be one of bigger launches coming on the horizon, will have Conheeney's former SAC colleagues in key management positions, according to Hedge Fund Alert.
David Atlas, Peter Nussbaum, and Leslie Eisen, who were previously heading the risk, legal, and operations sections at SAC Capital, respectively, will all serve in similar roles at EmeraldRidge, the industry publication reported.
Join the conversation about this story »
NOW WATCH: Why Pikes Peak is the most dangerous racetrack in America