Elliott Alumnus Phillip Zeigler Starts New Hedge Fund (1)

An Elliott Investment Management alumnus is planning a new event-driven fund focusing on the industrial economy, according to people with knowledge of the matter.

Coryell Investment Management, which is being started by Phillip Zeigler, will invest in companies in the energy, materials, metals and mining sectors, the people said, asking not to be identified discussing private information.

Zeigler joins an expanding cohort of former Elliott colleagues in starting new hedge funds as the famed activist investor’s assets under management and team keep growing. Former Elliott portfolio manager Mark Wills is starting a hedge fund focused on the financial services ...