Mon, Jul 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Prop trader, trained by a former CIA operative, launches qualitative hedge fund research service

Thursday, January 10, 2013

amb
Rene Levesque
Bailey McCann, Opalesque New York:

When institutional investors start taking a hard look at their allocations to alternative investments, they often hire consultants to get color and advice on where they should place their money. Most of these consultants offer a quantitative analysis of blue chip, high-performing hedge funds and sometimes, a few emerging managers to keep an eye on. Yet, according to one research professional, many investors are overlooking qualitative factors which can provide critical information.

Rene Levesque, founder of Montreal-based, Mountjoy Capital is a former prop trader, and compliance officer who has interviewed over 4500 hedge funds to establish a proprietary set of qualitative benchmarks. He says these benchmarks, separate real alpha generators from those who rely on leverage, assume liquidity risk, or sell volatility to generate returns. Initially, the firm operated primarily in Canada, but has now expanded its reach to include a global subscription and client base.

Rather than chasing return profiles or focusing on AUM, Mountjoy looks at the propensity of existing returns to persist, based on qualitative factors such as the motivation behind trading ideas, and how those trading ideas are implemented into portfolios. "There is no value added in recommending the top 12 hedge funds. Anyone paying attention to hedge funds knows who those funds are, and what the returns are. Of the hedge funds I’ve interviewed, less than 4% are ......................

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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New