Launches & Closures

Siva-Jothy shuts SemperMacro after rollercoaster macro ride


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