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...