Launches & Closures

Veteran FX traders establish Northbridge macro fund

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Sydney-based Northbridge Park Asset Management is launching a macro FX fund in October that is already being viewed as one of the most keenly awaited hedge fund launches from the Asia-Pacific region this year.

The nine-man Northbridge team, led by David Curtis, the former head of foreign exchange in Asia Pacific for Credit Suisse, will trade G10 and liquid Asian currencies through the Northbridge Park Macro FX Fund that aims for 12-15% returns with volatility of 7-10%.

Curtis, who started formulating his team about three years ago after leaving Credit Suisse, started trading the same strategy on the