Kirkoswald Global Management Services

Greg Coffey is the sole Chief Investment Officer and makes all portfolio decisions. He trades a concentrated macro book directly, supported by a lean team of analysts and traders. There is no investment committee or delegation to sub-portfolio managers, a structure he maintained since his tenure at GLG Partners.

The firm's inaugural Global Macro Fund launched with roughly $5.4 billion in commitments, split between a $3 billion mandate from an unnamed sovereign wealth fund and approximately $2.4 billion from Blackstone, which also acquired a minority stake in the management company. Coffey additionally committed a reported $100 million of his own capital, aligning his interests with anchor investors from day one (per Bloomberg, 2018).

Kirkoswald executes a discretionary global macro strategy across liquid markets, with a primary focus on G10 and emerging-market interest rates, foreign exchange, and commodities. The firm does not invest in private credit, venture capital, or direct lending. Its portfolio is constructed for high liquidity, reflecting Coffey's background in macro relative-value and directional trading.

In August 2023, Bloomberg reported that Kirkoswald was exploring a plan to return external capital to investors and transition into a private investment vehicle managing exclusively Greg Coffey's personal fortune. As of the latest public record, no formal announcement has confirmed completion of that transition, and the firm's current regulatory or structural status remains undisclosed.

Coffey rose to prominence as a trader at GLG Partners, where he managed emerging-market macro positions and reportedly generated over $1 billion in trading profits between 2004 and 2008. He later joined Moore Capital Management before retiring from managing outside capital in 2012 at age 41. The 2018 launch of Kirkoswald marked his return after a six-year absence from the hedge fund industry.

No. Kirkoswald does not publicly disclose current assets under management, quarterly performance figures, or investor letters. The last publicized raise was the $5.4 billion initial pool in 2018, but subsequent flows, redemptions, and asset values have not been confirmed. The firm's operational opacity is consistent with its single-jurisdiction, Bahamas-based structure.

Blackstone provided roughly $2.4 billion in anchor capital through its hedge fund seeding platform and acquired a minority equity stake in Kirkoswald's management company at launch in 2018. The partnership was structured to offer institutional infrastructure and operational support while preserving Coffey's full investment autonomy. No subsequent changes to this ownership arrangement have been publicly reported.