Jefferies Banker's New Hedge Fund Seeded By SAC Alums

Nov 14 2011 | 11:05am ET

A former Jefferies & Co. banker has launched his maiden hedge fund.

Patrick Neal's TreePoint Fund Management has unveiled onshore and offshore versions of its flagship, according to a Securities and Exchange Commission filing. And it got some help from a pair of SAC Capital Management veterans, HFMWeek reports.

Cedar Hill Capital Partners, a New York-based hedge fund headed by former SAC traders Emil Woods and Charles Cascarilla, has made an allocation to TreePoint.

TreePoint, also based in New York, is a global macro specialist. It has a $500,000 minimum investment requirement.

Neal, who serves as portfolio manager, is a former managing director of equity sales and trading at Jefferies. He is also formerly head of derivatives strategy at Bank of America.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…