LONDON, Sept 14 (Reuters) - Former Elliott Investment Management portfolio manager, Leo Markel, will launch a London-based fund Finch Bay Capital in the first quarter of 2024 and expects to raise $500 million by the end of that year, said two sources familiar with the matter.
A representative for Finch Bay declined to comment.
Markel who will act as the company's CIO, is co-founding the activist fund with former ValueAct portfolio manager, Daniel Urdaneta, the sources said.
Reporting by Nell Mackenzie; Editing by Dhara RanasingheOur Standards: The Thomson Reuters Trust Principles.
Persons:
Leo Markel, Markel, Daniel Urdaneta, Nell Mackenzie, Dhara
Organizations:
Elliott Investment Management, Thomson
Locations:
London, Finch