London-based hedge fund manager Forada is preparing to close a recently launched leveraged macro strategy to new investors after the fund attracted approximately $1bn in assets within months of its launch, according to a report by Bloomberg.
Forada, which manages for investors including ExodusPoint Capital Management, introduced the vehicle at the start of 2026 as a higher-octane version of its flagship strategy, employing roughly double the leverage of the firm’s existing fund structure. The strong investor response has prompted the firm to consider shutting the strategy to additional capital as early as July, according to a person familiar with the matter.
The majority of inflows have come from new investors, although many existing clients in Forada’s original fund have also migrated capital into the enhanced-leverage offering, the source said.
The rapid fundraising highlights continued investor appetite for managers willing to deploy greater leverage in pursuit of stronger returns, particularly within the macro trading space.
Performance has helped support demand. Since its launch in 2016, Forada’s original strategy has generated annualised returns of 7.9%, according to the source. The fund gained 2.6% through the end of May this year, while the newer double-leveraged vehicle returned 4.2% over the same period.
A spokesperson for Forada reportedly declined to comment on the plans.
The successful capital raise has lifted the firm’s total assets under management to a record $3.4bn, including assets managed on behalf of clients through separately managed account structures. Among its investors is multi-manager hedge fund firm ExodusPoint Capital Management.
Forada was founded by Jon Ridgway, the former head of European fixed income rates trading at Barclays, and has built its track record through macro-focused trading strategies spanning global interest-rate and fixed-income markets.
