Peloton co-founder prepares new fund


Geoff Grant, former chief investment officer and co-founder of failed hedge fund Peloton Partners, is preparing to launch a new firm, LiquidMacro, in September.

Grant, who is based in Santa Barbara, Calif., is likely to launch with friends and family money. The new firm will reportedly employ members of the nine-person Peloton team in the U.S. Members of the firm’s London team, including co-founder Ron Beller, will not be joining the new fund.

Peloton imploded in February, suffering a dramatic reversal of fortune as its credit positions were marked down and margin calls helped force the firm