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Parkway will open its global macro fund in July

fund aims to take advantage of change in economic cycle

Hedge fund boutique Parkway Capital, run by ex-Schroder's income manager Ian McVeigh, along with Nicholas Carn, will launch a global macro fund on 1 July. The Parkway Global Fund is aimed at capitalising on what McVeigh believes is a change in the economic cycle.

With 30-35 holdings, the fund will target 15% plus annual returns with 10% volatility, using a number of different strategies including

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