Bain to take in new capital

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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