Investing
Lone Pine Alum Gaonkar Hires From Rivals Third Point, Maverick for Hedge Fund Launch
- The former Lone Pine managing director is building her team
- SurgoCap expected to debut next year with at least $1 billion
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Former Lone Pine Capital Managing Director Mala Gaonkar is grabbing talent from industry rivals as she expects to launch her hedge fund early next year with at least $1 billion.
She hired 13 employees for her SurgoCap Partners, including personnel from Dan Loeb’s Third Point and Lee Ainslie’s Maverick Capital, according to people familiar with the matter. Gaonkar, 52, plans to build out her team further before the firm’s debut, which is planned for the first quarter.