Bennett Grau and Mark Mallon, former proprietary traders with global investment banking and securities firm Goldman Sachs Group, have joined hands with earlier co-worker Marc Mezvinsky to launch a hedge fund, Bloomberg reports. The trio have set up a new firm, Eaglevale Partners, which intends to begin trading in the first half of next year.
The vehicle will use a global macro strategy and aims to make money by trading securities ranging from bonds to commodities. Mezvinsky, Grau and Mallon worked together in Goldman Sachs’s global macro proprietary-trading group before Mezvinsky quit in 2008 to join investment firm 3G Capital.
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