Alternative Market Briefing

A classy pedigree lies behind systematic start up

Friday, July 22, 2011

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Chris Allen by Beverly Chandler, Opalesque London:

A distinguished institutional background as head of a systematic trading business within one of the world’s best known oil companies gives Chris Allen and Gordon Izatt of Amati Global Investors an edge in their launch of the Amati Systematic Trend Fund.

The pair met at BP and in 1998 set up a systematic trading business that proved extremely successful, based on a computer trading model that invested in futures in a range of markets following a trend following system.

The pair, plus partner Jason Rolf, were invited to set up a systematic trading fund for Amati by its founder Dr Paul Jourdan, and launched in the second week of June 2011 with $1.5 m seeding. Allen explains that their background gives investors in the new Amati fund the benefit of experienced hedge fund managers at start up prices.

The challenge of starting out again, but on their own, was impossible not to take up. "We are starting from scratch and climbing the mountain all over again" he says, "but at the end of the day we now own a piece of work we do."

The fund invests 100% in futures using Kyte for its broking and invests in oil; gas; stock indices; currencies; bonds and interest rates; metals and softs, split into bio and agricultural. "Basically it’s anything that the computer thinks it can get the hang of" explains Allen. "If markets are liquid and regulated then we can show the computers the data and if they ge......................

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