Fund launches & closures

MST eyes $500m for global macro fund

by

Gerard Satur
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 1 July 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 $500 million