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Devet Capital launches capturing talent alpha program

Thursday, September 22, 2016
Opalesque Industry Update - Systematic alternative investment manager Devet Capital Investments has announced the launch of a program designed to identify and support new investment managers with the eventual aim of including them within the Devet product suite.

The ‘C.T.A. Program’ – Capturing Talent Alpha – has opened with two managers, each of whom will trade allocated Devet proprietary capital prior to being considered for inclusion in client portfolios. Devet co-founder, Irene Perdomo did not wish to quantify exactly how long the prop trading period would be but explained that a successful outcome was “dependent on a series of parameters including risk management, volatility, measures of correlation to Devet’s current investment strategies and, naturally, performance.”

The first manager signed to the C.T.A. Program is focused on agricultural futures, specifically grains and softs, and has some 20 years’ experience working as a senior trader for top tier banks and commodity trading houses.

The second manager has 15 years of experience working as a quantitative trader for top tier banks and proprietary trading firms across multiple asset classes with particular emphasis on statistical and volatility arbitrage. His investment focus is equity futures.

“The launch of the C.T.A. Program is an important step for Devet Capital Investments,” said Irene Perdomo. “It marks the beginning of our planned journey to create a suite of investment strategies and products each of which, while addressing different investment segments, conforms to our exacting management standards.”

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