Chris Fidyk joins Pacific Asset Management this week as a partner, having left his last role at investment partnership Findlay Park Partners over a year ago.
Fidyk spent 12 years at Findlay Park, during which time he managed a $15bn (£12.5bn) North American equity fund and was also a partner.
He left in September 2021, and has been a private investor since, according to LinkedIn.
Fidyk is soon to be a portfolio manager at Pacific too; the firm has confirmed that it intends to launch a fund for him in the new year, so long as regulatory approval is confirmed.
Pacific said: “The fund is likely to be a benchmark-agnostic, concentrated, multi-cap, North American opportunities fund, which will draw on his many years’ experience as a bottom-up, surgical investor.”
The boutique asset manager claimed that it has already received strong interest for the strategy from several “cornerstone investors”.
Matthew Lamb (pictured), CEO of Pacific, said: “We are incredibly pleased to welcome Chris to Pacific AM. He has a long track record of generating outstanding returns in North American equities and is well-known for his expertise throughout the industry.
“Pacific was built to be home for incredibly talented investment professionals. Our institutional infrastructure and technology focus allows individuals to do what they do best – high conviction, craft-based, outcome-orientated investing. This year more than ever has proven that the homogeneity and industrialisation of asset management doesn’t, like in any industry, hold all the answers. Simply put, Chris personifies active-craft investing.”
Fidyk admitted that he had considered several alternatives beforehand but concluded that Pacific was the “best possible home” for him.
He added: “Matt has built a firm with world class people, institutional infrastructure and differentiated funds, but more importantly we have a shared belief that a differentiated or craft investment process is required to generate consistent fund outperformance in North America. I am enthusiastic about the opportunities in front of us, including our timing, and cannot wait to get started.”