Soros, Permal Vets Launch Global Macro Fund

Joshua Berkowitz, a former portfolio manager at Soros Fund Management, and Richard Cordsen, a former regional director for the Americas at the Permal Group, have teamed up to launch the Woodbine Capital Fund.

The New York-based global macro offering made its debut last month with $200 million and finished its first month of trading up 1.2%, according to an investor with knowledge of the firm’s maiden fund.