Tuesday, 28 April 2015
Last updated 10 hours ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…