Maestro debuts in Singapore

Maestro Capital Management, the Singapore-based alternative investment manager, has launched its first fund, the Global Maestro Fund. The Cayman Islands-registered fund, which began trading on May 23, targets a standard deviation of 10% by trading a diverse set of global futures and currency markets; annual returns are expected to average 20%. Maestro has started trading with initial assets of $12m in the fund and managed accounts.