Bloomberg – Komodo Capital Management Pte’s hedge fund outperformed rivals as Chief Investment Officer Angus Cameron employed strategies he developed during Japan’s slump in the 1990s to profit from the global financial turmoil.

The Singapore-based firm’s KC Asia Fund has gained 8.3 percent this year, Cameron said yesterday. Other macro hedge funds, which seek to profit from broad economic trends by trading currencies, bonds and stocks in the region, lost an average of 6.7 percent in the first nine months of the year, according to Eurekahedge, a Singapore-based data provider.

“We traded through Japan during the 1990s,” Cameron, 37, said in an interview. “The strategies that worked then will work now.”

Government bonds “should do well in most markets” as policy makers shift their focus to supporting growth from fighting inflation, Cameron said. Central banks from Australia to South Korea have joined a global effort to cut interest rates, following the year-long credit-market seizure that has toppled some of Wall Street’s biggest investment banks, including Lehman Brothers Holdings Inc.

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Bloomberg – Citadel Investment Group LLC, the Chicago-based asset-management firm founded by Kenneth Griffin, is seeking about $1 billion for a new global macro hedge fund, according to a person with knowledge of the matter.

The fund is set to be managed in London by Kaveh Alamouti, 54, whom Citadel hired this year from New York-based Moore Capital Management LLC, according to the person, who asked not to be identified because the plans are private. Citadel oversees $20 billion.

Macro funds, which attempt to profit from broad economic trends by trading stocks, bonds, currencies and commodities, gained an average of 3.7 percent this year through July, according to data compiled by Chicago-based Hedge Fund Research Inc. All funds lost an average of 3.4 percent.

"Citadel is as good as they get,” said Tammer Kamel, president of Toronto-based Iluka Consulting Group Ltd., which advises clients on investing in hedge funds. “They have a reputation that will ease the current difficulties that hedge funds face in raising capital.”

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