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.

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