Greenwich, Conn.-based FrontPoint Partners recently formed a joint venture with Eagle Trading Systems to collaborate on the launch of a new quantitative global macro strategy.
Eagle, a global macro manager, uses systematic and quantitative model-driven trading processes to manage about $1.2 billion in assets. As part of the agreement, Eagle will continue to operate independently with respect to its existing clients and research activities.
The new fund will target institutional investors and will be managed by Eagle's Menachem Sternberg, a former principal and senior trader at Caxton Associates. The strategy will look to capitalize on directional and relative