Sun, Dec 11, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

NewAlpha and Emergence seed systematic trend following program

Friday, April 19, 2013
Opalesque Industry Update - NewAlpha Asset Management, the Paris-based global hedge fund seeding group and the SICAV Emergence are pleased to announce their strategic partnership with KeyQuant SAS (“KeyQuant”), a rapidly growing investment manager specializing in systematic strategies.

Launched in January 2012 and managed by NewAlpha, the seeding fund dedicated to French-registered hedge fund managers ‘Emergence Performance Absolue’ will invest 30 million Euros in ‘KEY TRENDS UCITS’, a fund recently approved by the Luxemburg-based Commission de Surveillance du Secteur Financier (CSSF).

KeyQuant was founded in 2009 in Paris by Robert Baguenault de Viéville and Raphael Gelrubin who met in 2004 at Man-Fidex, where they jointly developed an innovative trend following investment strategy built on a probabilistic analysis of financial markets and an efficient allocation process to diversify and control in real-time the portfolio exposure.

KEY TRENDS UCITS implements the same investment strategy of existing programs successfully managed by KeyQuant since January 2010 and available in managed accounts and in an offshore fund. The ‘KEY TRENDS UCITS’ fund differentiates by excluding commodities from its investment universe and targets a volatility of 10% to match the UCITS requirements and European institutional investor’s needs. Moreover, the Fund doesn’t use total return swaps and therefore complies fully with the essence of the Ucits regulation.

Commenting on the strategic deal, Antoine Rolland, CEO of NewAlpha said “At NewAlpha, we are seeing about 600 managers every year including many CTAs and we have been extremely impressed by the research work and the performance achieved by Robert and Raphaël, who really differentiate from other systematic fund managers. They have focused their work on building a diversified trend-following program that is continuously invested on markets and that adjusts constantly the risk of the portfolio, based on the trend confirmation. KeyQuant outlines very well the fantastic pool of investment talents that you can find in France, especially in quantitative and systematic strategies. Our mission for Emergence’s investors is to detect the best of those and support their development.”

“KEY TRENDS UCITS offer a very exciting investment opportunity for investors by bringing a very different risk / return profile among medium- to long-term trend-following programs. It exhibits attractive absolute performance and low correlation to financial markets and other funds. I’m convinced that KEY TRENDS UCITS will add significant diversification and alpha generation to many portfolios,” adds Philippe Paquet, NewAlpha’s Head of Business Development.

KEY TRENDS UCITS will start trading in early April with approximately $40 million in capital. KeyQuant manages in excess of $150 million.

With KEY TRENDS UCITS, ‘Emergence Performance Absolue’ will have completed its third seed investment with French-only start-up managers. Two other managers will be seeded over the next few months.

About NewAlpha Asset Management
NewAlpha Asset Management was established in 2003 to provide institutional investors access to emerging alternative investment managers through investment or advisory mandates, dedicated and commingled funds of funds. It operates as an investment management company regulated by the Autorité des Marchés Financiers (AMF). Since inception, NewAlpha Asset Management has concluded 21 strategic partnerships and invested a combined total of over $800 million with early stage managers located throughout the world. NewAlpha’s partnering managers currently manage more than $3 bn of assets.

In 2012, NewAlpha Asset Management announced the launch of ‘Emergence Performance Absolute’, the first seeding vehicle dedicated to France-registered start-up investment managers. This fund attracted considerable interest from the largest institutional investors in France and abroad.

Earlier this year, NewAlpha Asset Management and Woori Absolute Partners announced the first seed investment of their jointly managed Asian seeding vehicle, the Woori NewAlpha Fund. This innovative investment company registered with the Monetary Authority of Singapore (MAS) focuses on Asia Pacific-based early stage hedge fund managers.

NewAlpha Asset Management is a subsidiary of OFI Asset Management. Corporate website: http://www.newalpha.net

fg

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. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest