Key Takeaways
- • London-based hedge fund manager Forada is preparing to close its recently launched leveraged macro strategy to new investors after it attracted approximately $1bn in assets within months of its 2026 launch, according to Bloomberg.
- • The vehicle employs roughly double the leverage of Forada's existing fund structure and is a higher-octane version of the firm's flagship strategy.
- • The fund returned 4.2% through the end of May 2026, versus 2.6% for the original strategy over the same period.
- • The capital raise lifted Forada's total assets under management to a record $3.4bn, including separately managed accounts.
- • Closure could come as early as July, according to a person familiar with the matter; Forada declined to comment.
Summary
London-based hedge fund manager Forada is preparing to close a recently launched leveraged macro strategy to new investors after the vehicle attracted approximately $1bn in assets within months of launch, according to a report by Bloomberg. The firm introduced the fund at the start of 2026 as a higher-octane version of its flagship strategy, employing roughly double the leverage of its existing fund structure. A person familiar with the matter said the firm may shut the strategy to additional capital as early as July.
The majority of inflows came from new investors, although many existing clients in Forada's original fund also moved capital into the enhanced-leverage offering, the source said. The fundraising underscores continued investor appetite for managers willing to deploy greater leverage in pursuit of stronger returns, particularly in macro trading.
Performance has supported demand. Since its launch in 2016, Forada's original strategy has generated annualised returns of 7.9%, according to the source. Through the end of May 2026, the original fund gained 2.6%, while the newer double-leveraged vehicle returned 4.2% over the same period.
The successful raise has lifted the firm's total assets under management to a record $3.4bn, including assets managed for clients through separately managed account structures. Investors include multi-manager hedge fund firm ExodusPoint Capital Management. A Forada spokesperson reportedly declined to comment on the plans.
Forada was founded by Jon Ridgway, former head of European fixed income rates trading at Barclays, and has built its track record on macro strategies spanning global interest-rate and fixed-income markets.
The majority of inflows came from new investors, although many existing clients in Forada's original fund also moved capital into the enhanced-leverage offering, the source said. The fundraising underscores continued investor appetite for managers willing to deploy greater leverage in pursuit of stronger returns, particularly in macro trading.
Performance has supported demand. Since its launch in 2016, Forada's original strategy has generated annualised returns of 7.9%, according to the source. Through the end of May 2026, the original fund gained 2.6%, while the newer double-leveraged vehicle returned 4.2% over the same period.
The successful raise has lifted the firm's total assets under management to a record $3.4bn, including assets managed for clients through separately managed account structures. Investors include multi-manager hedge fund firm ExodusPoint Capital Management. A Forada spokesperson reportedly declined to comment on the plans.
Forada was founded by Jon Ridgway, former head of European fixed income rates trading at Barclays, and has built its track record on macro strategies spanning global interest-rate and fixed-income markets.
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