Fortune Group invested an undisclosed sum in the global macro hedge fund managed by emerging manager Red Centre Capital, as part of its affiliated manager program. Simon Hopkins, a Fortune Group spokesman, did not return a call seeking more details.
Red Centre was formed in September 2004 by Alastair Sloan, who had been at London-based hedge fund Blue Border Partners prior to starting his own firm. The Red Centre Global Macro Fund is heavily invested in Asian markets, including Australia, New Zealand and Japan. The balance of its assets - 15% - is invested in Group of 10 countries, according to a statement from Fortune Group, a manager of managers with about $1.2 billion in hedge fund assets under management.
