A new government-bond hedge fund, 5:15 Capital Management, has begun trading, Bloomberg reports. The Connecticut firm has been launched by three traders from Brevan Howard Asset Management and RBS Greenwich Capital Markets.
The fund, founded by Morris Sachs, EG Fisher and Rob Wahl, started trading with $60 million and is targeting $100 million. Its 5:15 Master Fund will trade government debt from the world’s seven largest economies. Sachs added that the managers will try to identify differences in relative values between bonds, while searching for macroeconomic trends for interest rate and yield curve patterns. In an email, Wahl added that the fund’s capacity is $1 billion.
Click here to read the Bloomberg report.
This article was originally published in Alternative Investment News.