Launches & Closures

MST eyes $500 million for global macro fund


One of Asia’s most keenly-awaited hedge fund launches this year, Australia-based MST Capital’s global macro fund, has secured close to $200 million in commitments from investors and will push ahead with an August launch.

The fund will have a ‘soft launch’ on July 1 with about $15 million in capital, to be followed by a ‘ hard launch’ in August with money pooled from outside investors that include a superannuation fund, the identity of which is undisclosed. It is understood that the fund will close to new subscribers once it reaches a $500 million size.

The 11-person team,