Wednesday, 29 June 2016
Last updated 4 hours ago
Jan 11 2012 | 4:00pm ET
North Carolina hedge fund QMS Capital Management has rolled out a new global macro hedge fund.
The firm, founded by Duke University finance professor Michael Brandt and former Smith Breeden bond trader Peter Nolan, has raised $5 million for the new offering, according to a Securities and Exchange Commission filing. No fundraising goal for the Diversified Global Macro U.S. Fund was specified; QMS targeted $200 million for its first fund in 2010.
There is a $2 million minimum investment requirement for the new fund.