Paul Podolsky's Kate Capital is set to start trading on November 1 with roughly $200 million.
The manager will be a discretionary global macro fund with 50 to 60 positions at a time.
The person close to Kate Capital told BI that it will be a discretionary global macro fund, as opposed to Bridgewater, which invests more systematically.
And, like Dalio, Podolsky plans to share his thoughts on the world as he invests.
He plans to continue writing when the firm launches, the person close to the firm said.
Persons:
Paul, Kate Capital, Tom Bachner, —, Paul Podolsky, Podolsky, Ray Dalio, Kate, He's, FBI James Comey, Dalio
Organizations:
Mudrick, Service, Business, Mudrick Capital, Kate Capital, Industry, New, New Holland Capital, FBI
Locations:
Bridgewater, Russia, Soviet Union, China, New Holland