Forada Closes $1 Billion Double-Leveraged Macro Fund to New Cash

1 articles · Updated · Bloomberg · Jun 9

$1 billion in assets pushed Forada to prepare to shut its double-leveraged macro strategy to fresh inflows, just months after launching it at the start of the year.
The new share class uses twice the leverage of Forada's original strategy, helping it gather assets rapidly enough to trigger the soft close.
Most of the money came from new investors, but the vast majority of clients in Forada's original single-levered fund have also shifted into the higher-leverage vehicle.
Forada manages money for investors including ExodusPoint Capital Management, underscoring how quickly the firm scaled the new strategy within its broader macro hedge fund business.