Guard Capital's Macro Fund Assets up 10X since 8/14 Launch

May 11 2015 | 10:30am ET

Leland Lim’s Guard Capital has gathered nearly $500 million in assets, up from less than $50 million in August of last year, and will stop accepting money from new investors after July 1, according to a Reuters report.

The Hong Kong-based macro hedge fund, founded by the former Goldman Sachs trader and Noble Group’s Allan Bedwick, focuses on major economic trends and bets on currency and interest rate markets.

The fund’s rapid growth in assets places it among the most successful recent hedge fund launches in Asia. It was launched in August 2014. The fund will continue to accept fresh capital from existing investors, but will put a soft close on the fund after July 1. 

Macro funds tend to trade highly liquid securities, making the need for an asset ceiling to protect returns and maintain flexibility less pressing. However, Guard wanted to digest what it has raised to date before taking on any new clients, noted the report. 

The Guard Macro Master Fund gained 10% in 2014 and was up about 5% through April this year, according to unnamed sources cited by Reuters.

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