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Komfie Manalo, Opalesque Asia:

Balter Liquid Alternatives (BLA), a subsidiary of Balter Capital Management, has launched the Balter Discretionary Global Macro Fund.

Balter Capital is a Boston-based boutique firm focused on hedge fund research and investing, overseeing around $1.3bn in hedge fund and alternative mutual fund assets. BLA was formed to create and manage daily liquidity alternative mutual funds.

According to their statement, the fund is sub-advised by Willowbridge Associates Inc. The co-portfolio managers, Phil Yang and Frank Marrapodi, utilize Willowbridge's wPraxis Trading Approach (1X Leverage) strategy, the statement said.

The Balter Discretionary Global Macro Fund follows the Balter Liquid Alternatives' initial '40 Act offering, the Balter Long/Short Equity Fund. Each fund intends to provide high quality hedge fund managers running their strategies pari passu limited partnership vehicles, rather than the watered-down "hedge fund lite" options that have been commonplace to date.

"The Fund builds on our philosophy of making great managers available to a wider audience," said Brad Balter, CEO of Balter Liquid Alternatives. We are not interested......................

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