Collard Capital Launches Liquid Discretionary Macro Fund

Sep 2 2010 | 10:20am ET

Collard Capital Management yesterday launched a discretionary macro fund designed to offer investors a highly-liquid approach to the strategy.

The Collard Global Macro Fund has neither gates nor side pockets, and features weekly redemptions. The Cayman Islands-domiciled fund is to be listed on the Irish Stock Exchange, with plans for a soft close at US$300 million.

Collard has entrusted the fund to portfolio managers Simon Collard and James Beaton, who have managed a private investment vehicle using the strategy for the past two years. In that time, they have enjoyed a 20.5% annualized return—well above their target of 15%—and the fund is up 3.62% this year.

Collard plans to market the vehicle to European investors, especially family offices, wealth managers and funds of hedge funds.

Apex Fund Services serves as the Collard fund’s administration and Saxo Bank as prime broker. It charges 2% for management and 20% for performance with a high-water mark. The minimum investment is US$500,000, and the fund is available in U.S. dollar, pound Sterling, euro and Swiss franc share classes.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...