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Markus Thielen Benedicte Gravrand, Opalesque Geneva for New Managers:

Markus Thielen left his London job last year to start a global macro hedge fund in Hong Kong, where he first moved in 2004. He is now the chief investment officer of Jomon Investment Management, and his first fund is due to launch on 2 May.

Not long ago, he traded a global macro portfolio for Millennium Capital Partners, the London-based branch of Millennium Management, the New York-based hedge fund firm with $32.7bn under management. Before that, he worked for J.P. Morgan as a global macro portfolio manager for the chief investment office.

The Jomon Global Macro Fund pursues a combination of macro (economic and policy change) and relative value (market distortions) strategies across liquid assets. The investment team focuses on thematic equity macro, currencies and commodities. Depending on market opportunities, up to 25% of the portfolio VaR is allocated towards the firm’s systematic macro strategies, exploiting market inefficiencies.

It mostly trades futures, options, ETFs and cash products on the currency side, Thielen tells Opalesque. The trades are global, but with an Asia bias – around 60% of the portfolio is in Asia, 20% in Europe and 20% in the US.

"We wanted to build our own firm, as some investors wanted to allocate to us directly. We thought we ......................

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