Fri, May 29, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Steve Bulko of Lombard Odier Investment Managers says major move into equities is on the horizon

Friday, May 03, 2013

Bailey McCann, Opalesque New York:

While the defensive rally into equities may be top of mind for some investors, Steve Bulko, Chief Investment Officer of Lombard Odier Investment Managersí 1798 Fundamental Strategies Fund, says a much larger move into equities looms on the horizon. Bulko is the New York-based CIO for 1798, and the fund's name comes from the date his parent company Lombard Odier & Cie, was founded. Lombard Odier & Cie is one of the oldest private swiss banks. Although a broadly diversified asset management firm, Lombard Odier Investment Managementís focus here in the United States is on alternatives.

The 1798 fund has approximately $1bn in assets under management, in a diversified, US-focused long/short fundamentals strategy. The fund divides its internal team into sectors, and each sector has its own manager. "We have a fairly traditional multi-PM approach built around fundamental research, but one team per sector set-up gives us a better sense of where our risk is deployed," Bulko explains in an interview with Opalesque.

He says that, unlike other fundamental shops which have shown a recent preference toward mega-cap blue chips, they are staying out. "We are patient when it comes to capital allocations, reviewing allocations monthly, but making changes less frequently. In terms of cap exposure, we tend to be in more mid-cap names."

To him, the current rally in equities is largely a mutual fund-driven trend, and it could last. "I th......................

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: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner