Tue, Sep 28, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

CTA Devet Capital reaches $100 million

Monday, June 12, 2017
Opalesque Industry Update - Systematic alternative investment manager Devet Capital Investments' assets under management have reached $100 million, having risen from $29m in April 2016. Devet Capital Investments is one of the fastest growing CTAs in the sector.

"This is an important milestone for us, particularly as our asset growth has been fully organic without any involvement of seeders or accelerators," said Irene Perdomo, co-founder, Devet Capital Investments.

The flagship program, Devet Capital Absolute Return Strategy, utilises systematic, market-neutral strategies on commodities' futures. The strategy searches for statistically-defined anomalies in the shape of commodity curves that recur over time, seeking to produce consistent returns across different market regimes.

"We attribute our rapid asset growth to CTA investors who are constantly looking for niche products that are non-correlated to the market. In addition, our product features low and controlled drawdowns, low volatility and low margin consumption. Our strategy is non-correlated with all the major benchmarks including commodities and has not been affected by any of the major macro events in the last years," added Leonardo Marroni, co-founder, Devet Capital Investments.

In September 2016 Devet launched its C.T.A. ('Capturing Talent Alpha') program. The aim is to work with and develop managers able, in time either to contribute new strategies to Devet's established portfolio or to underpin the launch of new systematic investment products. Two new managers are currently employed in the program.


About Devet
Prior to co-founding Devet Capital, Irene Perdomo traded base metals at Noble Resources in Singapore and, before that, she worked in the Commodity Investor Structuring team of Barclays in London, co-responsible for product development of commodity investment derivatives.

Prior to co-founding Devet Capital, Leonardo Marroni was an asset manager with the Emerging Markets team at GLG Partners in London. He joined in January 2010 from Barclays where he was working as a structurer in the commodities division. Before joining Barclays, Leonardo worked in the equity structured and algorithmic products trading team at Banca Caboto.

Leonardo and Irene co-authored "Pricing and hedging financial derivatives: a guide for practitioners", published by Wiley in December 2013.

Press release

Bg

Related:
22.09.2016 Devet Capital launches capturing talent alpha program

Article source - Opalesque is not responsible for the content of external internet sites

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. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover

  2. New Launches: H.I.G. closes first European buyout fund at $2.4bn, Cheyne Capital raises another $1.18bn credit fund to invest in struggling European companies, Falfurrias Capital Partners raises $850m in oversubscribed fund, Alan Howard-backed 10T raises $750m for debut crypto fund, Crayhill Capital strikes $820m hard cap close for second credit-focused fundraise, Edmond de Rothschild's Eres IV eyes second close in H1 2022, Revaia closes Europe's largest female-founded VC fund, Octopus unveils UK Future Generations sustainable fund, TrueBridge Capital Partners closes seed & micro-VC fund I, at $170m, Federated Hermes launches low-carbon bond fund with Swedish partner[more]

    H.I.G. closes first European buyout fund at $2.4bn From PIonline.com: H.I.G. Capital closed its first European middle-market buyout fund, the H.I.G. Europe Middle Market LBO Fund, at €2 billion ($2.4 billion), a news release shows. The fund targets middle-market companies prim

  3. U.S.: Peter Thiel gamed Silicon Valley, Donald Trump, and democracy to make billions, tax-free[more]

    From Bloomberg: The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys

  4. Opalesque Exclusive: Female led team of veteran ESG investors to launch debut fund[more]

    Bailey McCann, Opalesque New York for New Managers: A female-led team of veteran ESG investors is preparing to launch a new fund early next year built on their ESG investing and advisory experience. Sustainable

  5. SPACs: After early investors flee SPAC deals, day traders rush in, PE-backed electric car maker Polestar worth $20bn in US SPAC deal, Europe's IPO market roars back to life but where are the SPACs?[more]

    After early investors flee SPAC deals, day traders rush in From WSJ: Day traders are targeting some companies that recently closed SPAC mergers, reinvigorating some of the meme-stock excitement that helped make such deals popular early in the year. The latest special-purpose-acquis