|Former UBS trader, Gerard Satur, expects to expand on his success managing MST Capital PTY’s $160 million global macro hedge fund by launching a new $10 million hedge fund targeting wealthy investors. According to Bloomberg News, Gerard Satur’s new hedge fund, Baruch Global Macro Fund, will mirror the global macro strategy he currently employs with his existing hedge fund, investing in credit markets, foreign currencies, commodities and interest rates in the Asia-Pacific region. |
With the recent decline in Australian currency and interest rates the Baruch Global Macro Fund strategy hopes to capitalize on the need by wealthy Australians for higher yields. The existing MST Capital PTY hedge fund has returned 6.5 percent to investors over the previous nine months as compared with a 0.19 percent increase for the HFRI Macro (Total) Index over the same period.