BlackSquare Capital launches global macro fund of funds
BlackSquare Capital, an independent London based asset management firm that specialises in alternative multi-manager investment products, has launched the BlackSquare Capital Global Macro Fund of Funds.
The Global Macro Fund is a concentrated multi-manager portfolio comprising both discretionary and systematic macro hedge fund managers, many of which are closed to new investment. The portfolio includes some of the industry's highly regarded blue-chip managers including Caxton, Moore, Drawbridge and Winton.
'We see great opportunities in directionally based trading strategies in 2008; especially given the high level of global economic uncertainty,' says BlackSquare chief executive Christopher Peel.
'Equity, interest rates, foreign exchange, and commodity markets are likely to remain volatile in the year ahead, and we have constructed a portfolio of experienced macro hedge fund managers with exceptional long-term track records whom we believe will be able to excel in the current environment.'
Peel, who was previously head of interest rate sales at Salomon Brothers International in London, adds: 'At Salomon, I was able to work with many of these traders throughout the 1990s, and I believe they are uniquely qualified to allocate risk capital across all sectors of the world's financial markets and generate superior risk-adjusted returns.'
The BlackSquare Capital Global Macro Fund of Funds will be distributed through private banks, family offices and institutions. Shares are denominated in sterling, euros and US dollars.
In March 2006 BlackSquare Capital launched the BlackSquare Capital Access Fund, a Caxton-only fund of funds. At the beginning of last year Barclays Bank launched a German certificate linked to the performance of the BlackSquare Capital Access Fund Series B Index (EUR).
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