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John Tuttle has his pitch down. The 35-year-old head of global listings at the New York Stock Exchange — one of Wall Street s most iconic institutions —
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 capital.
Kurz is another big name to leave PointState. He took over the responsibilities of PointState cofounder Josh Samuelson when he left the firm in late 2019. Samuelson and Zachary Schreiber, two disciples of billionaire investor Stanley Druckenmiller, founded PointState in 2011 along with five other former Duquesne staffers, including Kurz who worked for Druckenmiller as analyst for a year a