Nomura Vets To Launch Macro Fund

Sep 19 2012 | 2:03pm ET

A pair of former Nomura Holdings traders is planning a US$500 million discretionary global macro hedge fund for launch later this year.

LindenGrove Capital expects to raise half of its US$1 billion capacity in its first year. But it won't wait for a certain asset level before debuting; the London-based firm will launch as soon as it wins a Financial Services Authority license.

Nomura veteran Borut Miklavcic and Gianluca Squassi are behind the new London-based firm and will seed its first offering. Miklavcic, who was head of liquid markets proprietary trading in London at the Japanese bank, will serve a LindenGrove's chief investment officer, and Squassi, a former portfolio manager at Nomura, as its CEO and chief risk officer.

Nomura has not invested in LindenGrove.

The new firm will invest in inflation products, interest rates, credit and foreign exchange.

"We think that inflation markets present an interesting risk-reward given the current backdrop of unconventional monetary policies by major central banks and the global debt overhang," Miklavcic told Bloomberg News. "After the recent risk rallies, we also observe that long-term tail-risk hedges are attractively priced across a number of asset classes."

"The two strategies where we differentiate ourselves most from peers are inflation and macro credit," he continued. "We trade both directional and relative-value strategies."

Miklavcic and Squassi, a partner at hedge fund Semper Macro from 2005 through 2007, have brought along five former colleagues from Nomura to LindenGrove: Florian Gaier, Tom Groves, John Pereira, Ravin Seeneevassen and Jack Zhou.


In Depth

Hedge Funds Take Interest In ‘Soft Deposits’

Nov 19 2014 | 11:56am ET

New York-based Winchester Equities, headed by Avi Benamu and Jack Hazan, funds soft...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.