Soros Fund Management executive Steven Mnuchin is reuniting with former Goldman Sachs colleagues, Daniel Neidich and Chip Seelig, to form a new hedge fund firm called Dune Capital Management.
New York-based Dune Capital will run one fund that will invest in commercial-mortgage securities, another that will target corporate bonds and a third that will focus on asset-backed securities.
Neidich, who spent 20 years at Goldman Sachs, was a member of the management committee before he left earlier this year. Mnuchin, also a former Goldman Sachs partner, most recently ran a real estate-debt fund for Soros Fund Management. Seelig