Launching a new hedge fund might not be all that easy for Geoff Grant. His former firm, the $3 billion London-based global macro Peloton Partners, collapsed in February after spectacular losses from a massive long bet on mortgages. What Grant is doing now may look like the height of hubris: starting a new firm — Grant Capital Partners in Santa Barbara, California — and seeking to launch a new global macro fund, LiquidMacro, while the wreckage of Peloton still smolders.
