Gregg Mattner, who resigned last year from Barclays Global Investors where he oversaw $60 billion in fixed-income assets, plans to launch a hedge fund next month. He has already raised a substantial amount of capital, according to a buy-sider familiar with the plan. GM Capital Partners Fund will be launched on Dec. 1 and has set up an office in San Francisco. Mattner, reached at his office, declined to comment. The leveraged fund will reportedly focus primarily on fixed-income arbitrage and invest in a wide range of fixed-income instruments. Bear Stearns will be the prime broker. Tim Maher, a Bear Stearns prime brokerage executive, did not return a call.
In addition to his three years at Barclays, Mattner spent 12 years on the sell side, including stints as head of pass-through trading and arbitrage at Goldman Sachs and Morgan Stanley. He was also a senior trader in government securities and futures at Credit Suisse First Boston.
