Ex-Lehman Trader Bedwick to Manage OGI Global Macro Hedge Fund

Bloomberg – OGI Capital Partners Ltd., a Japanese hedge fund with 3.5 billion yen ($40 million) in assets, plans to almost double in size by starting a global macro hedge fund to be run by Allan Bedwick, a former proprietary trader at Lehman Brothers Holdings Inc.

The OGI Global Macro Fund will start this month with seed money from an overseas institutional investor of 3 billion yen and wager on stocks, bonds and currencies globally with a focus in Asia, said Naoya Takahashi, OGI’s head of fund management.

The global macro fund will be the third fund offered by OGI this year, after the firm started a Japan-focused long-short equity fund and a Japanese long-only stock fund in July. OGI joins Sparx Group Co., Asia’s biggest hedge fund, in offering a global macro fund as demand for the strategy rises in a market short of similar offerings after global hedge funds had their worst year on record in 2008.

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