Monday, 27 April 2015
Last updated 2 days ago
Aug 24 2011 | 12:23pm ET
Protégé Partners' former macro chief's new firm will launch a hedge fund in October.
New York-based KeySquare Group's maiden offering will debut with as much as $200 million, HFMWeek reports. There will be onshore and offshore versions of the discretionary global macro fund.
KeySquare is led by Scott Bessent, formerly senior investment partner at Protégé and manager of that firm's Protégé Direct hedge fund. Bessent also formerly managed an eponymous hedge fund, Bessent Capital, from 2000 through 2005.
"The macro space is driving all the investment decisions right now and I think a lot of investors are fixated on the G3 fixed-income market," Bessent told HFM. "I think the big opportunities there are going to be in the fixed-income markets, currency markets and equities."
KeySquare will charge 1.5% for management and 20% for performance with reduced fees for early investors. There will be a $5 million minimum investment requirement with a one-year lockup.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…