First Quadrant launched a global macro hedge fund that will resemble the firm's existing $10 billion global tactical asset allocation strategy, although it will make bets on the commodities market and take more risk, said Max Darnell, CIO. Global macro strategies typically look for strong returns by seeking inefficiencies in the global market. "By accessing nearly 30 different markets simultaneously, it is never lacking in opportunities to exploit," said Mr. Darnell. The fund is based in the Cayman Islands.
First Quadrant has $19 billion in assets under management.