Absolute Return Capital Partners, the Boston-based hedge fund affiliate of Bain Capital, plans to open its global macro fund to new capital between December 1 and January 3.
The fund, run by Jonathan Goodman and Jeff Woolbert,
had posted net performance of 12.1% this year as of October 31, and had returned 26.3% since its inception in May 2004.
Absolute Return Capital Partners began as a Bain proprietary trading vehicle, and only took in outside capital for the first time last August, when it totalled $650 million. The firm's managing directors remain significant personal investors.
Separately, the managers are