Bruce Garelick, formerly the long-short technology portfolio manager at $16 billion Adage Capital Management, is preparing a new tech hedge fund for an October launch.
Garelick Capital Partners is raising money for its flagship Garelick Capital Partners Fund, which will employ a long-short tech strategy. The Boston-based fund will invest in highly liquid stocks, usually 50 to 60 positions at a time. It is unclear how much capital the firm is hoping to raise.
Before Adage, Garelick was a senior tech analyst at State Street Research & Management Co. from 2003 to 2005, and at $171 billion asset manager Loomis, Sayles & Co. from 1997 to 2003.
Bruce Garelick State Street Research Management Co. Adage Capital Management Boston
