Fund launches & closures Hedge Funds

Peloton’s Grant returns with global macro firm

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Geoffrey Grant, one of the founders of failed hedge fund Peloton Partners, is back in business with a new hedge fund based in the same Santa Barbara, Calif. office and staffed with members of the old Peloton team.

Grant Capital Partners has raised between $100 million and $200 million for its new LiquidMacro Fund and has been trading a global macro strategy since early September, posting positive returns so far.

Part of what has allowed the old Peloton team to get back into business so quickly is that its members have been able to convince investors that they