Following a year of positive performance in its global macro strategy, Boston-based Venus Capital Management plans to open its fund to outside investors in April 2011. In 2009, the Venus Global Macro Fund gained 34.55%, and it is up 7% for the year through May.
The strategy’s success in 2009 was a result of successful bets on stocks of financial companies, which the firm purchased in March 2009 at the market’s low point, and which it continues to hold. The strategy was also long oil and gold, short the U.S. dollar and long the Australian and New...