Sparx Group Co launches first Global Macro Hedge Fund

September 2nd, 2009
| More
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.
See Source
For Detailed Investor Profiles on these Investors, click below:
Sparx Group Co.
Related People: Shuhei Abe
Related Entities: Sparx Asset Management Co. Ltd.; SPARX Capital Partners Co. Ltd. (SCP); Sparx Ecology Fund; SPARX Securities Co. Ltd. (SEC)
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

More Recent Headlines

David Einhorn’s Greenlight Capital Exercises Caution Over Second Quarter

Greenwich Hedge Funds still Paying Absurd Rents

Academic Study Sheds New Light on Oil Speculation Debate

Paulson becomes biggest investor in AngloGold

SAC Capital and Crestwood Advisors add Industry Veterans

Hedge Funds use Technology to alleviate burdens of Transparency

Brevan Howard Opens Mauritius Funds to Invest in India

Oaktree Capital Management’s Howard Marks thinks the best opportunities have passed

Distressed Hedge Fund Spotlight: Tiburon Capital, HG Vora and Archview Investment

Paulson & Co. Buying up Citigroup Shares