Ex-Baupost’s Tom Kier Said to Start Hedge Fund With $37 Million
- Delonix makes value investments on debt, stock of companies
- Firm has as much as $113 million in additional commitments
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Former Baupost Group principal Tom Kier has started a hedge fund in New York with $37 million.
Delonix Capital Management, which began trading internal money last month, opened to outside investors on Oct. 1, according to a person familiar with the matter. The firm has as much as $113 million in additional commitments over the next few quarters, the person said, who declined to be named because the information is private.