Felix Zulauf and 30-Year-Old Son Start Global Macro Hedge Fund

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Felix Zulauf, a former global strategist at UBS AG who opened his own hedge-fund firm in 1990, is starting a fund in Switzerland with his 30-year-old son that will bet on global macro-economic trends.

The fund will be managed by a new firm, Zug-based Vicenda Asset Management AG, and is expected to start trading in July with about $50 million in assets, according to a person with knowledge of the fund. The person asked not to be identified because the firm is private.