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Nadejda Rakovska By Beverly Chandler, Opalesque London:
Amsterdam-based hedge fund seeder IMQubator’s ninth seeding was announced last week, with a €25m ($33m) commitment to start-up volatility trading hedge fund Volvar Asset Management. Head of business development at Volvar AM, Nadejda Rakovska, explains that she and a fellow colleague from Lehman Brothers Investment Management division ran a volatility programme at the bank. Joined by a third who will work in compliance and risk, the team comprises Rakovska, chief investment officer, Yves Coignard, and chief operating offier, Walid Hakim.
The project to launch their own asset management firm started in 2010. "We believed that investors were ready for volatility funds" says Rakovska. Partly, and ironically, this was because investors had seen more volatility since 2008. "We also felt that they were paying more attention to limiting drawdowns" Rakovska says.
"Our way of looking at things is that we wanted to have simple qualitative answers to quantitative problems" she says. "Elegant solutions to complex problems. We see our value added is to translate market understanding and convictions into a disciplined approach."
This year would have been an excellent year for Volvar AM to have started trading, particularly after June when volatility rose very quickly. Projected numbers from Volvar AM are on a pro forma, unaudited basis only at the moment so Rakovska is not prepared to disclose bu...................... To view our full article Click here
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