Wed, Jun 29, 2016
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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. Visium hedge fund manager Sanjay Valvani found dead[more]

    Benedicte Gravrand, Opalesque London: A hedge fund manager connected with an insider trading case has apparently committed suicide. Sanjay Valvani, 44, a hedge fund manager at New York-based Visium Asset Management, was found dead in an apparent suicide on 21 June in his Brooklyn residence,

  5. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t