Stockholm (HedgeNordic) – A UK-based allocator at a global manager of managers is on the lookout for a fund manager specializing in discretionary global macro strategies. As outlined in a request for proposal on Global Fund Search, the investor aims to introduce an additional macro fund within the next six months due to limited capacity in existing funds. The initial allocation is set at $10 million, with the potential to scale up to between $150 million and $200 million as the investor’s mandate spans multiple portfolios for multiple investors.
Search Criteria
- Universe: Discretionary Global Macro Managers
- Objective: The investor is primarily focused on Cayman structures with 10-15% plus return targets. However, they also want to hear from UCITS funds with an 8-10% target or higher. Both should have high volatility returns, with low correlation to equities and other traditional growth assets.
- Style: Trading oriented
- Instrument allowed: Everything, low to no credit instruments
- ESG: No specific requirements at this stage for this mandate
Minimum requirements
- UNPRI signatory preferred
- Minimum track: 1 year (fund level)
- Minimum fund AUM: $100m in the fund
Other criteria
- Leverage acceptable
- Fully invested
- Cash positions for liquidity purposes and risk management
Investment vehicle
- Preference for a Cayman or UCITS fund
Process outline
- Shortlisting during Q4 2024
- Implementation Q1/Q2 2025
Performance data
- USD net of fees to the platform
- Gross and net in Excel (see Q6)
Deadline
November 20, 2024 (Cut-off: Midnight CET, Expiry date inclusive)
To review the search and apply, asset managers need to register here on globalfundsearch.com
