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From the Opalesque team:

Martin Frenette, founder and managing director of Canadian consulting firm Variance Capital Management announced yesterday that he had joined the London-based alternatives division of Lombard Odier Investment Managers this week.

Frenette commented on the move saying "I was attracted to Lombard Odier by their innovative approach as fundamental active asset managers who believe in the virtue of separating alpha from beta. Lombard Odier Investment Managers strongly advocate a high specialization of asset managers in narrowly defined areas of expertise, with full freedom to implement all their views and convictions in an unconstrained investment framework with strong risk control.

“The firm is a top tier hedge fund manager which was most recently exemplified by winning Institutional Investor's award for Emerging Hedge Fund Firm of The Year for the 1798 fundamental strategies fund as well as the successful launch over the years of a global macro, an energy multi strategy fund, a convertible arbitrage fund, special situations and several others."

Variance Capital Management is a capital introductory firm for single manager hedge fund strategies. The firm was founded in early 2004 by Martin Frenette to meet the growing demands of the institutional market place and their need to better understand and follow the development of th......................

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