Sun, Oct 4, 2015
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

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. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Investing - U.S. biotech bloodbath hits hedge funds but some bargains emerge, Computer-driven hedge funds betting on further stock selloff[more]

    U.S. biotech bloodbath hits hedge funds but some bargains emerge From A seven-day selloff of U.S. biotechnology stocks has hit sector investors - especially hedge funds - hard. But some managers say it was overdone and are already eyeing bargains such as Gilead Sciences Inc

  5. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid