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March 3, 2024
PI Global Investments
Hedge Funds

Eisler’s Sean Gambino Is Spinning Out on His Own

  • Eisler Capital portfolio manager Sean Gambino is starting his own firm.
  • Eisler, the $4 billion London-based multi-strategy firm, will support the new fund.
  • Gambino once ran his own firm, Heron Bay Capital, for seven years before joining Eisler in 2022.

Less than two years after joining Eisler Capital, Sean Gambino is spinning out of the $4 billion multi-strategy firm and starting his own manager, two people familiar with the matter told Business Insider.

Gambino, who invests in large-cap consumer stocks, joined Eisler in mid-2022. He was one of many investors who closed down their own, smaller firms to join forces with a larger multi-strategy fund, which can offer big payouts and reduced compliance and technology headaches.

Now, he’s reversing course. Previously, he ran Heron Bay Capital for seven years out of Stamford, Connecticut, according to his LinkedIn. He also has experience running money at Schonfeld, BGC, and Schottenfeld.

Eisler will support the new firm, one of the people familiar with the matter told Business Insider, though details are still scant on the new fund. Gambino did not immediately return a request for comment.

While Eisler has lost a portfolio manager to start 2024, its team is still much larger than it was a year ago. There are now 60 portfolio teams, up 50% since the start of 2023, and the manager operates 10 offices across Europe and the U.S.

Eisler returned 9.8% in 2023.

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