Two 25-year-old Harvard University graduates from Greenwich, Conn., are braving the economic downturn by joining their hometown business. The duo is launching a macro hedge fund to invest in currencies, fixed income and commodities.
Newly-minted hedgies Brendan Petri and Manuel Aguilar next week will launch Thresher Global Management, the Stamford Advocate reports. The pair said the fund will benefit from volatility in the stock market and that they intend to grow the fund, which already has capital from three family offices and five individual investors, “as fast and as much as possible.”
Previously, Petri worked for two years as an analyst for a private equity group with Palisade Capital Management, while Aguilar was an analyst for a private equity group with Invercorp International.
Genna GarverBy Genna Garver, John Brunjes, and Cheri Hoff of Bracewell & Giuliani -- On Oct. 27 the Private Fund Investment Advisers Registration Act of 2009 (H.R. 3818) moved one step closer to becoming law with the 67-1 approval of the U.S. House of Representatives Committee on Financial Services (the "Bill"). More...
Investors this week announced the formation of NewWorld Capital Group, a private equity firm that will invest in middle-market companies and related infrastructure projects in the cleantech sphere. More...