Lim and Bedwick will compete with Asia-based macro hedge funds such as the $1.8 billion Fortress Asia Macro Fund run by Adam Levinson and the $2.6 billionDymon Asia Macro Fund managed by former Citadel LLC trader Danny Yong in Singapore.
At his new firm, Lim will lead investments. Bedwick will run the business, a change in role for the former Lehman Brothers trader who outperformed rivals when he managed his own macro hedge fund between 2009 and 2012.
Bedwick had launched his Sequence Fundamental Macro Fund, earlier known as OGI Global Macro Fund, in October 2009 in Japan with $15 million. It earned a 9 percent annual return, nearly twice what his peers were making, and grew to manage as much as $150 million.
But Bedwick, an American who has worked in Asia for more than half his life, shut down his hedge fund in 2012 after the fund failed to grow as investor shifted to larger hedge funds globally.
Macro hedge funds focus on major economic trends and events and bet anywhere they see value, including stocks, bonds, currencies, commodities and derivatives markets.