Bloomberg – UBS AG’s only team of traders with a global mandate to make bets on macroeconomic trends is leaving the bank to form a hedge fund, said Gerard Satur, the head of macro strategic trading who will lead the fund.
The Sydney-based firm, MST Capital, is in talks with cornerstone investors, said Satur, who remains a UBS employee until next month. The new macro fund will target annual returns of 10 percent to 15 percent, he said in an interview in Sydney today, declining to name potential investors.
