New York (HedgeCo.net) – Just a year ago, Leland Lim and Allan Bedwick launched Guard Capital with $49.4 million in assets under management. Now the Hong Kong-based fund is on the verge of eclipsing $1 billion in AUM. A recent report from Reuters put the AUM at $893 million at the end of July and that was according to a letter to investors of Guard Capital.

The growth has been two-fold as the fund has produced a 21% gain since it launched and the demand for Asian focused hedge funds has been astronomical. Guard Capital is considered a global macro fund and focuses on currency trading and interest rates.

According to Eurekahedge, the growth that Guard Capital has experienced in terms of AUM places it as the second fastest growing Asian hedge fund in the last decade.

Not surprisingly, there are several global macro funds set to launch in the coming months. One of the launches that is expected is from Scott Bessent, the CIO of Soros Fund Management and George Soros is seeding the fund with $2 billion.

Rick Pendergraft
Research Analyst
HedgeCoVest