Saturday, 5 September 2015
Last updated 13 hours ago
Nov 16 2007 | 11:09am ET
Investcorp has seeded its second hedge fund in three weeks, investing $50 million in Stoneworks Asset Management, a London-based global macro shop.
Stoneworks was founded last year by Max Trautman, a former senior member of Goldman Sachs’ global macro proprietary trading group and co-founder of multi-strategy hedge fund Peloton Partners. The firm employs a global macro strategy that takes directional and volatility positions in currencies, fixed income, rates, commodities and equity indices.
“At Stoneworks, Max has built a talented team of successful prop traders–their complementary trading styles, approaches to market opportunities and debate achieve higher trade conviction across the team,” said Ibrahim Gharghour, Investcorp’s co-head of hedge funds. “We are particularly excited because Stoneworks marks the sixth partnership in Investcorp’s single-manager platform.”
Last week, the firm last month committed $50 to New Jersey-based Washington Corner Capital Management, a distressed and credit-based strategy.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…