Investcorp Plants $50M With Goldman Vet’s Global Macro Shop

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.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.