Sat, Dec 10, 2016
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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest