HAMILTON, Bermuda (HedgeWorld.com)–Focus Investment Group will open the offshore Focus Macro Fund on March 1 with US$30 million in seed capital from clients.
The new fund has been in the works for the past six months and will focus on identifying managers who specialize in commodity trading advisers and global macro trading programs. With well-established risk management policies, the Focus Macro Fund will invest in 10 to 15 managers, Brian Briskin, director of portfolio research at Focus, said in a statement.
Bank of Bermuda is the Bermuda-domiciled fund’s administrator. The investment minimum is set at US$500,000, and shares will be offered in euro and U.S. dollar share classes. Focus will charge a 1.5% management fee and a 10% performance fee.