Tue, Oct 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Finding value, and true alpha in a fund of funds

Tuesday, December 04, 2012

Bailey McCann, Opalesque New York:

Ayaltis is a Swiss-based fund of funds supported by various, substantial family offices which separates it from other fund of funds in the space, according to its Chief Investment Officer and Co-founder, Ernesto Prado. He spoke about what these family offices allow his firm to do in a recent Opalesque TV interview with Matthias Knab.

Backed by the support of family offices, Ayaltis is able to pursue a more decisive set of opportunities according to Prado, which translates into performance and the ability to explore more interesting opportunities. Prado himself is originally from the proprietary trading world, and has translated that experience into his work at the firm. During his work as a proprietary trader for Salomon Brothers, Prado developed expertise in sovereign bonds, derivatives, corporate bonds, and various structure products, from mortgage-backed securities, to CDOs.

Now, he uses that understanding to take a deep dive into poorly performing securitized assets to understand what is healthy and what isn’t. Pairing those aspects in a new ways has allowed the firm to realize returns in a new opportunity set.

"Most of the markets believe that hedge funds to actively hedge have to match long with a short to hedge. Well, I was taught to understand that you don't necessarily to match long with a short to be hedge. You can match two l......................

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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad