|
|
Paul Lucek Bailey McCann, Opalesque New York:
Paul Lucek wasn’t always a financial industry leader, he originally got involved in trading as a hobby, then, as he explains in a recent Opalesque TV interview, that hobby turned into a part-time job and eventually a full time job. Now he is Director of Research and a Senior Portfolio Manager at State Street Absolute Return Investment Strategies (SSARIS). He was recently interviewed by Matthias Knab for Opalesque TV.
SSARIS has $2.5 billion under management and Lucek manages $530m of that within internal proprietary strategies that are directly invested in. He takes an approach that involves blending two types of return streams – convergence and divergence - in order to provide investors with a more normalized return distribution.
"Essentially, we believe in asset class diversification, and the classic asset class diversification is equity and fixed income. You can extend that further to include commodities and currencies. But beyond asset class diversification we believe in another level of diversification and that is diversification on return streams," Lucek explains.
He notes that most traditional hedge fund strategies and long-only strategies are convergent in their nature due to their basis in fundamental economic and valuation principals. However, in an irrational market, like markets that have existed since the 2008 crisi...................... To view our full article Click here
|
|