Wed, Apr 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

French CTA boutique launches UCITS version of flagship fund

Thursday, July 14, 2011

Francois Bonnin
Opalesque Industry Update - French fund management boutique John Locke Investments launched a UCITS compliant version of its flagship fund, the Cyril Systematic USD Fund, on 1st July. The UCITS fund replaces an onshore version of Cyril Systematic that previously existed.

The new UCITS structure will allow the firm to distribute its fund abroad more easily than the previous onshore structure. And the strategy will remain exactly the same as the original version.

The Cyril Systematic USD Fund, launched exactly 11 years ago, manages around $17m, according to John Lockes website. It invests in global futures markets with a systematic trading approach, using multiple trend detection techniques over multiple time horizons. Risk is equalised across all contracts through the use of real time volatility measures. And average holding periods last approximately two weeks.

The fund was fund down 3.26% in June and down 9.61% YTD (annualizing almost 8% with around 13% volatility). Most loses in June occurred in the energy sector, especially in the Brent Crude, natgas and gas oil markets. Also in metals, equity indices, and grains. Gains were made in bond and short term rates trading.

Comparatively, the Barclay CTA Index was down 1.27% (est.) in June (-1.47% YTD). Also the UCITS Alternative CTA Index returned -0.93% in June (-2.43% YTD).

John Locke Investments (JLI) is an independent alternative asset management company based in Fontainebleau, France. JLI is regulated by the A.M.F (Autorit des Marchs Financiers), is registered with the Commodity Futures Trading Commission (CFTC) as a Commodity Trading Advisor (CTA) and as a Commodity Pool Operator (CPO) and is a member of the National Futures Association (NFA).

B. Gravrand


See last years Opalesque TV interview of Francois Bonnin, CEO and hedge fund manager at John Locke: Part 1, Part 2.

And the corresponding articles:
Opalesque Exclusive: John Locke's CEO Bonnin (1): How he discovered the world of quant and why the French like it so Source
Opalesque Exclusive: John Locke's CEO Bonnin (2): Stepping up from trend following to Machine Learning, Chains of Markov, Support Vector Machines and Kelly Rule Source

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  2. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  3. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  4. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  5. Opalesque Exclusive: WBB enters buy-side with new healthcare long/short strategy[more]

    Benedicte Gravrand, Opalesque Geneva: WBB Securities, a US financial services firm and boutique investment bank since 2001, has a long history within the biotech industry. Managing partner Steve Brozak has been associated with biotech for the last 25-30 years, and was involved with some of the mo