|Asia’s largest hedge fund manager, Sparx Group Co, has announced it is starting its first global macro strategy hedge fund. According to a Bloomberg article, the Sparx Global Markets Fund, which began trading August 12 with $9.7 million in assets, is a departure from Sparx’s traditional equity focused funds. |
The offering underscores recent investor demand for the global macro strategy funds, which dominated the past year as the only hedge fund strategy to post positive returns. Sparx’s new fund will pursue a strategy not unlike George Soros’ global macro strategy, by investing in bonds and currencies, as well as equities based on economic trends from the Group of Ten countries.