Bill Maldonado, head of alternative investments at Halbis, told Reuters in an interview the firm launched the Halbis Global Macro fund, Halbis’s first such strategy, in June.
Global macro funds bet on the likes of global equity markets, world currencies, sovereign debt and commodities.
The fund uses a computer-driven model, run by a Paris-based team headed by Guillaume Rabault, to provide ideas for a portfolio management team which takes final decisions on the fund and which is headed by Jim Dunsford in London. The fund has around $30 million (15 million pounds) in assets, which is mainly seed capital.
“We’re fairly cautious about the immediate environment but people have got very bearish short-term and the negative market sentiment has driven some prices to attractive levels,” Maldonado said.
