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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