Brisbane headquartered Blue Sky Funds Management has taken the decision to open its Apeiron Global Macro Fund to outside investors, reports HedgeFunds Review. Managed by Blue Sky Apeiron, an equal partnership between BSFM and Managing Director David Hobart, it uses a directional-style global macro strategy to capitalize on asset mis-pricings, principally in equities, fixed income, currencies and commodities. “Unlike many discretionary-based macro funds, we endeavour to quantify our conviction on every trade," Hobart was quoted as saying. The fund’s key service providers include Newedge as its prime broker, Lazorne Fund Administration Services as its administrator and Australian Executor Trustees as custodian. It currently has AUD8 million in AuM, but having opened it up to a global audience the hope is to secure AUD300 million before it closes. Performance-wise, it aims to deliver 15 per cent returns to investors over three years, with volatility to be kept within the 10-15 per cent range.