Ex-Goldman, Putnam managers to start hedge fund
Three former investment managers in Boston are planning to launch a hedge fund in April, according to a report published by FINalternatives, a news service of Stone Street Media LLC.
Three former investment managers in Boston are planning to launch a hedge fund in April, according to a report published by FINalternatives, a news service of Stone Street Media LLC.
The firm, Vernon Square Capital LLC, is developing a market-neutral hedge fund, the New York-based news service said.
Based in Boston, the firm was founded by Robert Earl, formerly of The Goldman Sachs Group Inc. of New York, and Richard Weed and Geoff Kelly, both formerly of Putnam Investments of Boston.
The projected management fee for the fund is 1.5%. The minimum investment will be $500,000.
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