Siva-Jothy shuts SemperMacro after rollercoaster macro ride

Wed Feb 16, 2011




Christian Siva-Jothy, the former global head of macro proprietary trading at Goldman Sachs, is shutting down his SemperMacro discretionary global macro fund after a rollercoaster ride over the past five and a half years.

One of the biggest hedge fund launches in Europe at its inception in 2005, the firm’s flagship directional global macro fund was running assets of $1.5 billion at its peak – but restructured in 2007 following a difficult year in 2006, when it lost around 15%, and has been running at a much smaller size and with a significantly smaller team.

The decision to return capital to investors, with the fund now managing assets of around $200 million, follows another poor run over the past couple of years after an exceptional performance in 2008 – which has prompted Siva-Jothy to wind down and take a break after 23 years of trading.

Famed for his money-making skills...

ISSN: 2151-1845 / CDC10004H

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