Emerging manager Macromoney is preparing to target international investors as it steps up its marketing efforts, HFMWeek has learned.
The $7.5m firm, which has a BVI-domiciled master fund, Polish feeder fund and operations also based in Warsaw, Poland, hopes to bring its asset levels to between $20m and $30m in the next 12 months.
“We’re in advanced talks with a private bank in Poland,” portfolio manager and founder Maciej Wisniewski told HFMWeek, adding they also wanted to attract capital from HNWIs, family offices, and other accredited, institutional investors outside Poland.
Macromoney is using the cap intro services of its administrator, Apex Fund Services, to raise its profile and will rely on the private placement regimes of relevant jurisdictions.
The firm’s strategy is focused on developed market equities, futures and options, using fundamental research and a proprietary systematic model to identify undervalued assets and growth opportunities.
The fund, Macromoney Global Investments Ltd., has a Cayman Islands-based investment manager, Macromoney Investments, and charges 1%/10%, offering investors quarterly redemptions with a 30 day notice period.
Alongside Apex, other service providers include Interactive Brokers as prime broker, Deloitte as auditor and Maples and Calder as legal counsel.
The firm started trading in January 2013 with internal capital, returning 34.7% in the first year and 25.5% in 2014, according to marketing documents seen by HFMWeek.
Macromoney, which has a six-strong team, plans to open a London office when it has increased its AuM, Wisniewski told HFMWeek.