A new $500 million hedge fund is coming from PointState's Zachary Kurz
PointState deputy CIO Zach Kurz is starting his own fund, Pinnbrook Capital. The firm is expected to start trading April 1 with $500 million. Kurz took over many responsibilities of PointState cofounder Josh Samuelson when he left late 2019. Zach Kurz, a former Forbes' 30 under 30 member and deputy CIO for PointState, is starting his own hedge fund, sources tell Insider. The new firm will be called Pinnbrook Capital, and is expected to start trading April 1 with $500 million. Sources told Insider the new firm has an anchor investor that is pumping in roughly half of the firm's starting capita...
Source: businessinsider.com