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Macro hedge fund Massar Capital launches new global discretionary strategy

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Massar Capital Management has launched a new discretionary macro hedge fund strategy which aims to capitalise on directional trading opportunities across a broad set of global markets.

Massar Capital Management has launched a new discretionary macro hedge fund strategy which aims to capitalise on directional trading opportunities across a broad set of global markets.

The Massar Macro Directional is the New York-based firm’s second strategy and began trading on trading on 1 October with UDSD300 million in assets under management. Additional investor interest is expected is bring assets close to the strategy’s soft close target of USD600 million.

Established in 2015 by Chief Investment Officer Marwan Younes, Massar Capital Management combines a discretionary global macro approach with advanced data analytics to generate risk-adjusted returns uncorrelated to major market indices and other hedge fund strategies.

Its inaugural fund, the Massar Macro Commodity strategy, targets investment opportunities spanning commodity, foreign exchange, fixed income and equity markets, with a particular focus on commodities. Launched in February 2015, the strategy triumphed in the Best Macro Hedge Fund category at the 2020 Hedgeweek US Awards last year. 

The Massar Macro Commodity fund actively trades more than 70 markets across a range of asset classes and regions, combining bottom-up fundamental market research with a top-down global macro view, with risk spread across 25 to 50 distinct liquid trade ideas, diversified across timeframe, market and structure.

The new Macro Directional strategy meanwhile will offer investors a more balanced exposure across commodities, equity indices, currencies and fixed income markets. Its launch will bring the firm’s overall assets under management to more than USD950 million.

Prior to founding Massar, Younes was a portfolio manager at both Jamison Capital Partners and Graham Capital Management, where he traded discretionary macro and commodity strategies. 

Speaking to Hedgeweek last year, Younes predicted “sustained volatility” across global macro and commodity markets following the Covid-19 pandemic. 

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