Tue, Jan 26, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Logica Capital launches combined strategy

Friday, July 31, 2015

Lionel Tapiero
Benedicte Gravrand, Opalesque Geneva for New Managers:

Logica Capital Advisers, a Los Angeles-based asset manager formed in 2011, has combined a long/short momentum Fund, which had good upside capture but too much downside volatility, with a multi-strategy account, which had low volatility but low return, to create a new fund.

"Late last year, we had an epiphany when realizing that we should combine the two and get the "best of both worlds", i.e. higher returns, lower vol," Lionel Tapiero and Wayne Himelsein, partners at Logica, told Opalesque.

The Logica team spent the rest of the year infusing the multi-strategy managed account infrastructure into their Fund. They convinced the SMA investor to become an LP, thus enabling the Fund’s assets to jump from $10m to $25m. The balancing act involved applying rigorous quant work done over the past many years, as they had to find which of the 30 strategies they had in their SMA book would be optimally suited for their fund portfolio. The goal was to balance out various factors and sensitivities to be profitable regardless of market regimes.

"To pair with the momentum strategies, we wanted mean reversion, etc. across every sensitivity and exposure we could identify where we sought to offset the sensitivities," Tapiero explains. "And above ......................

To view our full article Click here

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. SPACs: Jeremy Grantham: "SPACs should be illegal", Spacs may fuel European IPO boom, SPAC IPOs surge, The SPAC pop is now a thing: More unicorns getting on board, Paysafe readies $9bn IPO Via SPAC[more]

    Jeremy Grantham: "SPACs should be illegal" Special-purpose acquisition companies (SPACs) should be illegal, according to Jeremy Grantham, as they escape regulatory oversight and encourage the "most obscene type of investing." Grantham is the co-founder and chief investment strategi

  2. News Briefs: What if data scientists had licenses like lawyers?, Next generation behind family offices' ESG push[more]

    What if data scientists had licenses like lawyers? From Bloomberg: Data scientists, if they're poorly qualified or act irresponsibly, can do at least as much damage as lawyers and doctors. The algorithms they create can ruin lives, aggravate social divisions, even facilitate genocide.

  3. SPACs: SPAC costs are 'far higher' than previously realized, study finds, Jim Cramer recommends profit taking in speculative electric SPAC names.[more]

    SPAC costs are 'far higher' than previously realized, study finds From Institutional Investor: The costs of going public via a special-purpose acquisition company are both "opaque and far higher" than previously recognized, new research shows. SPAC shares tend to drop by one third or

  4. Institutional Investors: Pensions swamped in a sea of negative real rates, Bahrain's pension fund authority faces collapse[more]

    Pensions swamped in a sea of negative real rates From FA Mag: Defined-benefit pension plans were already barely treading water heading into 2020. In the years ahead, the risk is as great as ever that a large swath of them will drown. As the name implies, defined-benefit pensions promis

  5. New Launches: Lesser-known Tiger Seed launches long-only fund, Bill Gates-led fund raises another $1bn to invest in clean tech, Claret Capital strikes initial close for first fund since spinout from Harbert[more]

    Lesser-known Tiger Seed launches long-only fund From Institutional Investor: A hedge fund whose largest investor is Julian Robinson Jr.'s Tiger Management has launched a long-only fund as part of a larger reshuffling of its investment vehicles. Tiger Legatus Capital Management, a so-ca