MPC opens SOF macro fund

MPC Investors (MPC) is opening its discretionary macro hedge fund, Strategic Opportunities (SOF), ma...

MPC Investors (MPC) is opening its discretionary macro hedge fund, Strategic Opportunities (SOF), managed by Miles Geldard, to external investors after soft launching in July with $25m. SOF uses the same investment approach as MPC Strategic Reserve, a macro fund launched in January seeking 7%-8% returns with low risk. Both use a fundamental contrarian-based approach, predominantly using stocks. SOF, however, has a more ambitious target of 15% with a volatility of 9%. MPC is looking to cap the fund at $500m. Since its soft launch, it has delivered 3.22%. In September, MPC launched the $9...