Sun, Dec 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

John Locke's CEO Bonnin (1): How he discovered the world of quant and why the French like it so

Tuesday, February 09, 2010

amb
Benedicte Gravrand, Opalesque London.

French hedge fund manager François Bonnin graduated from Paris' "Grande Ecole" ISG (Institut Superieur de Gestion). He was director of convertible trading at RAFE S.A. (AXA Group) before setting up the asset manager CAP STARDEX in 1992. After selling the firm to ING, Francois founded Paris-based John Locke Investments, which is owned by its managers and BNP Paribas, which holds a 15% minority stake.

Into the world of quant Bonnin told Matthias Knab in a video interview (Part One here) last month, held in Asterias' offices in Paris, how he stumbled upon the alternative quantitative investment world, around 20 years ago.

A friend told him: "I have a system base on some technical indicators which we can make money out of. Come and have a look." Bonnin was very sceptical but had a look anyway. He saw two moving averages, two RSIs, a very large Lotus spread-sheet with 400 columns and an equity curve.

A moving average is an indicator used in technical analysis showing the average value of a security's price over a set period; and a SRI - which stands for Relative Strength Index - is a technical momentum indicator that compares the magnitude of recent gains to recent losses, in order to determine overbought and oversold conditions of an asset.

"I thought to myself, wo......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c