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Former Kingdon PM preps global macro fund


Kathleen Kelley plans to launch Queen Anne’s Gate this summer with at least $100 million.

 Kathleen Kelley (Photo: Danny Christov/Kingdon Capital via Bloomberg)
Kathleen Kelley, who served as the global macro portfolio manager at Kingdon Capital Management from 2005 until 2011, has started Queen Anne’s Gate Capital Management and is preparing to begin trading this summer.

The QAG Global Fund will follow a global macro strategy, investing about 60% of the portfolio in copper, oil, corn and other highly liquid commodities. The fund will also invest in interest rates and currencies, expressing four or five themes using 15 to 25 positions. The fund will invest long and short, but not using