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.
Separately, Maestro has sold 20% of its equity to a consortium of investors led by Britain's Rowland Capital, the investment and trading arm of the Rowland family. Details of the transaction were not forthcoming, although Rowland have committed over $20 million of investment capital in Maestro's trading...
