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.