Alfonso Peccatiello, the former Head of Investments at ING Groep NV, is set to launch his upcoming global macro hedge fund, which target opportunities in global interest rates and currencies, in partnership with Falcon Investment Management.

Palinuro Capital, which is currently prepping to launch in January 2025, has The fund which has already secured $80m in soft commitments with a target of reaching $100m in assets under management by Q1 2025.

According to a press release, Peccatiello, who formerly managed a $20bn portfolio at ING, will offer investors a strategic approach to capitalising on market volatility, particularly in response to central bank policy shifts and macro uncertainty. The fund’s macroeconomic strategy is designed to capture opportunities arising from interest rate fluctuations and currency movements in major economies.

“Macro volatility is here to stay. Our global macro hedge fund Palinuro Capital leverages our fundamental and probabilistic approach to identify positive expected value macro ideas," said Peccadillo. "We strive to deliver positively skewed, uncorrelated double-digit returns and plenty of valuable macro insights to our LPs.”