Friday, 19 December 2014
Last updated 6 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.