Thursday, 28 May 2015
Last updated 4 hours ago
Oct 1 2007 | 11:28am ET
Dublin, Ireland-based Abbey Capital has launched a global macro fund of funds with $40 million in assets. Domiciled in Malta, the Abbey Capital Macro Fund will invest in a group of global macro managers diversified across market sectors, time frames and trading styles.
The Abbey Capital Macro fund will invest in eight managers trading financial and commodity markets. The fund will allocate to managers using both managed accounts and fund vehicles. “We believe that the recent dislocation in the credit markets, which has increased volatility in the financial and commodity sectors, should provide a positive environment for a Global Macro approach,” said Tony Gannon, founder and CEO.
The new offering charges 75 basis points for management and 10% for performance, with a minimum investment requirement of $125,000.
Abbey Capital was founded in May 2000 and manages over $1 billion in managed futures, global macro and foreign exchange investments.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…