Ex-Citadel Manager Vince Aita Launches Hedge Fund With $275 Million
- Market-neutral fund will bet on and against health care
- Cutter Capital’s cash will be leveraged up to $550 million
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Former Citadel portfolio manager Vince Aita’s new Cutter Capital Management, backed by two institutional investors, has begun trading with $275 million.
The cash, invested in the health care-focused hedge fund through separately managed accounts, will be leveraged up to $550 million, according to a letter to prospective investors seen by Bloomberg. Cutter is looking to raise an additional $200 million for its flagship fund, offering a founders’ share class with cheaper fees that will open to investors Oct. 1.