Thu, Apr 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Australia's Scout Global joins IMQ in seeding Romanesco's hedge fund, Persistence

Monday, April 15, 2013
Opalesque Industry Update - Australian hedge fund seeder Scout Global Funds has joined IMQ as co-seed of Romanesco Capital Management’s systematic trading strategy, the Persistence Fund.

Scout aims to identify and invest in ‘best of breed’ emerging managers worldwide. The firm’s mandate is to allocate to well-researched, innovative and disciplined strategies with smaller assets under management, as these emerging managers often offer a compelling investment case.

Scout’s backing of the Romanesco Fund alongside IMQ provides the new fund with another endorsement and connects it with a complementary group of investor candidates.

Persistence’s portfolio is broadly diversified across 45 liquid futures markets comprising currencies, bonds, equity indices and commodities that are implemented across the different geographical regions on a 24-hour basis with the help of a proprietary developed automated execution algorithm. The algorithmic models look for break-outs from trading ranges and aim to reduce exposure after spikes in volatility.

The trading models can be long, short or flat in each market. As such, Persistence is more selective than most funds in deciding when to be exposed to particular markets.

IMQ’s CEO and Founder, Jeroen Tielman, commented: “We welcome this development as another step in our ambition to develop a collaborative, global network with institutional investors and like-minded seeders.”

Added Scout director, Oliver Alliker: “We are very pleased to be working with IMQ on a co-seeding of the Romanesco Persistence Program.

“Scout shares the view with IMQ that an exposure to emerging managers can provide investors with added diversification and non correlation. With the opportunity for strong performance if the processes are in place to conduct detailed due diligence and adequately monitor managers.

“Like IMQ, we have identified Romanesco as a strong prospect. The strength of its short-term asymmetrical strategies are shown by its excellent risk adjusted returns over a difficult period for many of the more established systematic traders,” Mr Alliker said.

Opalesque reported on IMQ's initial investment.

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac