Launches & Closures

Veteran FX traders establish Northbridge Park macro fund with 12-15% return target


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, which aims for 12-15% returns with volatility of 7-10%.

Curtis, who started building his team about three years ago after leaving Credit Suisse, began trading the