CTA Devet Capital reaches $100 million

Systematic alternative investment manager Devet Capital Investments' assets under management have reached $100m, 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. Press r......................

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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.