80 Capital opens Helium strategy to external investors after 23-month trading run

Quantitative hedge fund manager 80 Capital LLP, run by former Deutsche Bank quantitative executive Philippe Azoulay, has opened its Helium strategy to external investors following a successful 23-month trading run and the acquisition of substantial seed capital.

The Helium strategy takes a unique approach to trading global managed futures. Developed by Azoulay within Deutsche Bank, it is being spun out as the first external investment of newly established 80 Capital LLP, which has received $50 million in seed capital investment from the bank.

"Receiving this level of institutional backing is unprecedented. It demonstrates the power of the Helium strategy," said Azoulay.

Helium outperformed most of its managed futures peers in the 23 months from February 2012 with an average annualised outperformance of approximately 10% against major managed futures indices in a generally challenging period for managed futures. It had more positive months than its benchmark indices (64%) and a positive Sharpe ratio.

The strategy's cumulative performance was 10.87%, its annualised performance 5.71%.

"By using a variety of techniques to catch statistical phenomenon on a medium- to long-term horizon and under a strict risk control structure, Helium is able to offer real alpha-generating power," explained Azoulay…

You can read the full press release here. Hedge fund that accepts Bitcoin raises questions

Bailey McCann, Opalesque New York

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.