07/12/2011 Author: Elana Margulies

Mark Mezvinsky to launch global macro fund in 2012

Mark Mezvinsky, the husband of Chelsea Clinton, is readying his long-rumoured hedge fund launch for the first half of 2012, HFMWeek.com revealed last week.

The news follows earlier reports that the former Goldman Sachs trader quit 3G Capital last year amid speculation he was considering launching a new management firm.

According to a source familiar with the plans, the new manager will be called Eaglevale Partners and will roll out its flagship global macro strategy within the next six months.

For the launch, Mezvinsky will be joined by two of his former colleagues, Bennett Grau and Mark Mallon, from the Goldman Sachs Global Macro Proprietary Trading Group.

Grau started the Goldman Sachs Global Macro Proprietary Trading Group in 1988. Mallon who has worked in the group since 2004, was previously the global macro portfolio manager at Caxton Associates from 1992 to 2003.

The firm has also hired Michael Fox as chief administrative officer. He was most recently portfolio manager at Woodbine Capital Advisors, a global macro fund, and was previously a managing director at Intrepid Capital Management.