Paris-based hedge fund manager Systeia Capital Management has denied reports by the Sunday Times in London alleging that its Systeia Alternative Risk Trading fund had encountered performan
Paris-based hedge fund manager Systeia Capital Management has denied reports by the Sunday Times in London alleging that its Systeia Alternative Risk Trading fund had encountered performance problems.
According to Systeia, the Alternative Risk Trading fund has not been part of its funds offering since the end of June last year, when it the fund was closed despite having achieved a return of 12.26 over the first six months of 2007.
The firm says the fund’s closure resulted from its strategy to concentrate its fund offerings to focus on client demand. Systeia currently offers equity quant, global macro, event-driven and managed futures strategies.
The firm was established in December 2000 by Jean-Louis Juchault and David Obert, who have been active in hedge fund management since the early 1990s. It now has around 40 employees and more than USD1bn in assets under management in its range of single-strategy hedge funds.
Systeia Capital Management offers long-term (two to five years) investment solutions to large institutional investors, funds of hedge funds, corporates, private banks, distributors and family offices. The firm is owned by its founders, its staff and Crédit Agricole Asset Management.
