SteppenWolf Launches UCITS Macro Fund

Jun 24 2013 | 10:28am ET

Switzerland's SteppenWolf Capital has launched a UCITS-compliant hedge fund.

The German-domiciled 5D SteppenWolf Macro Alpha UI fund debuted on May 13, Opalesque reports. The fund employs a discretionary top-down risk-allocation system, investing widely among asset classes and geographies.

"Applying 'Austrian' economic analysis to this macro landscape suggests the eventual reversal of the debt-fuelled asset bubble of the last 30 years, and the onset of inflationary depression or, de minimis, a stagflationary or 'Japanified' state," SteppenWolf said. "This has important implications for nominal vs. real debt and equity prices, inflationary erosion of capital and the rule of bullion as a (re-)ascendant value numerarie."

5D charges 2% for management and 20% for performance, with daily liquidity.

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