O’Brien Investment Group (OBIG) has launched the OBIG Discretionary Global Macro Fund, managed by Monica Fuentes, Ph.D. The hedge fund will be open to public participation starting July 1 and available to sophisticated market participants such as accredited institutional investors and large family offices. The Fund will offer a Founders Share Class for the first $100 million of assets under management (AUM), available with a $250,000 minimum investment.
A futures-only version of the strategy was launched last month, available exclusively in a managed futures separately managed account. The minimum for a futures-only managed account is $2 million.
John W. O’Brien, Jr., OBIG CEO, said: “A year and half ago, Monica joined the firm to build out our global macro trading team and operations. During that time, she has been managing proprietary capital in preparation of the launch. We are thrilled to have someone with Monica’s character and pedigree at the helm of our global macro group. She spent eight years in New York and London working at Goldman Sachs on its Global Macro Trading Desk and on the Global Markets Strategy Team. Monica also spent two years working for Comac Capital as a Portfolio Manager in London for its $6 billion Global Macro Fund. Her Ph.D. in Economics from Columbia University is an excellent educational background for a strategy that is discretionary and fundamentally based, focused on event-driven, thematic and relative value trades.”
Fuentes, Portfolio Manager and Chief Investment Officer of OBIG, said: “For a global macro manager, 2016 proved to be a year in which events like Brexit and the U.S. Presidential election drove the markets. I believe this year and next will be similar, with event-driven trades dominating the type of trade we will be entering. We believe the German elections, Italian elections and the Trump agenda, just to name a few, will have a major impact on the global financial and commodity markets.”