Sunday, 29 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…