Fri, Mar 23, 2018
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


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. John Paulson, once the industry's largest hedge fund, to return some investors' money[more]

    Komfie Manalo, Opalesque Asia: John Paulson is reported to be retuning some of his investors' money as a number of his hedge funds continue to suffer setbacks, reports

  2. Institutional Investors - Overdrawn pension fund scores gains[more]

    From Investments in big banks, pawn shops and rolling papers helped boost public safety workers' underfunded pensions this past calendar years, according to newly released figures. After recording middling returns in recent years, the Police & Fire Pension Fund (P&F) notched

  3. Activist Investors - The seven most undervalued stocks in Larry Robbins' portfolio, Stamford hedge fund still seeking shakeup of Taubman board[more]

    The seven most undervalued stocks in Larry Robbins' portfolio From ...On February 14th, Larry Robbins' firm Glenview Capital Management filed its quarterly Form 13F regulatory filing. The firm's stock portfolio totals $18.5 billion with 58 positions according to the latest

  4. Hot hedge fund loses 21% after bet on volatility goes wrong[more]

    From In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd. He'd turned $50 million into an operation with more than $700 million over three years and delivered market-beating retu

  5. Opalesque Exclusive: Northern Trust builds on blockchain-backed private equity solution[more]

    Bailey McCann, Opalesque New York: Private equity clients at Northern Trust can now carry out audits of private equity lifecycle events directly from the blockchain. Northern Trust, working with PwC and other audit firms in Guernsey, has added this feature to its existing solution set for private