Former FrontPoint Manager Monaco Said to Plan Hedge Fund

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Thomas Monaco, who helped manage FrontPoint Partners LLC’s financial services investments, is seeking to start a hedge fund focused on Asian financial stocks, said four people with knowledge of the matter.

Monaco has named his company Nighthawk Capital Ltd., according to a company registration document. He has reached out to investors who may be willing to put money into a new long-short fund, which would bet on rising and falling prices, said the people who asked not to be identified because the information is private. Monaco declined to comment.