QMS Unveils U.S. Global Macro Fund

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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…