Ex-Maverick Partner Readies New Hedge Fund

Feb 6 2013 | 2:24pm ET

Former Maverick Capital chief macroeconomic strategist Steve Galbraith is set to launch a hedge fund this year.

Galbraith has founded Herring Creek Capital in Stamford, Conn. He's expected to raise several hundred million dollars for the new firm, the Connecticut Post reports.

Herring Creek recently rented 7,300 square feet at Stamford's Metro Center and will occupy it beginning in April. A neighbor will be hedge fund Lutetium Capital.

Galbraith left Maverick in September after eight years. He worked closely with firm founder Lee Ainslie during his stint at the hedge fund, which was preceded by service as Morgan Stanley's chief investment officer and chief U.S. investment strategist. He also serves on the U.S. Treasury Department's Financial Research Advisory Committee.

"He's been in business a long time. He'll have a good following," Sandy Gross of executive search firm Pinetum Partners told the Post. Gross added that Galbraith enjoys a "buyer's market" as he searches for staff for his new operation.

New landlord Jeffrey Newman of Malkin Properties was also impressed.

"This guy is very well-regarded," he said. "He has impressive credentials."


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note