Miami Firm Launches Maiden Global Macro Hedge Fund

Dec 18 2008 | 3:09am ET

Paul Austin, the former chief investment officer of Slimfast founder Daniel Abraham’s family office, has launched a global macro hedge fund to focus on global equities and currencies, FINalternatives has learned.

Analytix Capital’s eponymous hedge fund debuted in October with good results. The fund is up 9.45 % in its first two months of trading.

The fund is a quantitative fund that employs proprietary algorithms coupled with an automated trading platform designed specifically for high frequency trading strategies, according to the firm’s Web site. It currently sports a portfolio of five to 10 macro themes, which will expand to 20 to 30 over time.

Prior to founding Analytix Capital, Austin managed over $1 billion of Abraham’s personal fortune in a diversified portfolio that included global equities, bank loans, corporate bonds, currencies and alternative assets for more than six years. Austin also served as an analyst Goldman Sachs.

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