Peloton Partners

Founded in 2005 by former Goldman Sachs traders Ron Beller and Geoff Grant, Peloton Partners was a multi-strategy hedge fund based in London. The firm grew rapidly, managing over $1 billion in assets. It gained notoriety for its Peloton ABS Fund, which invested heavily in asset-backed securities. In February 2008, facing significant losses from the subprime mortgage crisis, the fund was unable to meet margin calls, leading to its swift and high-profile collapse. This event is often cited as a key early indicator of the severe credit crunch that defined the global financial crisis.