Hedge Funds

Smith Barney exec to roll out macro fund


Todd Hurlbut, a former Smith Barney executive, is planning to launch a global macro fund, his first, next month.

Everett Capital Partners, based in Sausalito, Calif., will take long and short positions in global equities, futures, currencies and commodities. The fund will be relatively concentrated, holding 20 to 40 positions across these asset classes at any given time.

The fund is being launched as a technical trend follower, operating on the belief that virtually all investment decisions can be based solely on the price trend of the underlying security. Trend followers assume that all fundamental information relating to a