Nau Cap Launches $310M Global Macro Hedge Fund

Newly-formed U.K. hedge fund Nau Capital has launched its first offering with €200 million (US$310 million) from Banco Espirito Santo.

The Irish Stock Exchange-listed Nau Fund, a global macro vehicle, debuted in February, with a focus on foreign exchange and interest rates in developed and emerging markets. The fund also has limited exposure to commodities, credit and equities.