MST Launches New Macro Fund

Jul 1 2013 | 1:23am ET

MST Capital, the hedge fund that spun-off from UBS last year, has raised A$10 million (US$9.1 million) for a new global macro fund.

The Baruch Global Macro Fund debuted today. The new vehicle will employ the same strategy as that used by MST’s existing fund, which manages A$175 million for a primarily institutional client base. By contrast, the new fund is made up of capital from high net-worth investors, Bloomberg News reports, mainly Australians.

“The retail landscape is very complicated and people who do it well, do it with an army of people reaching out to financial planners,” MST’s Mark Levinson told Bloomberg. “We don’t have an army. We have chosen to work with certain high net-worth individuals that can reach into their network and understand what we are doing.”

Sydney, Australia-based MST invests in a wide array of asset classes, including equities, credit, foreign exchange, interest rates and commodities. The firm focuses on the Asia-Pacific region.

MST has returned a net 6.5% over the past nine months, and targets annual returns of 10% to 15%. The firm is led by Gerard Satur, former head of macro strategic trading at UBS.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note