Carrousel Capital, the closed end fund arbitrageur run by Bruno Sangle-Ferriere, has celebrated its tenth anniversary this week with the launch of the Centrix IX hedge fund.
Named after the three French grand ecoles from which its directors graduated, Centrix IX leverages the academic qualification and trading expertise of Christophe Le Lannou and Lilian Chovin alongside chief executive Sangle-Ferriere.
They have developed a quantitative, systematic multiple style rotation investment strategy, focussing on liquid instruments across multiple asset classes including equities, indices, FX, commodities and fixed income.
Each investment rule within the multiple style rotation system has been tested and validated by historical back-testing in the various financial markets (Asia, Europe, Japan, and US) in order to take into account various cycles and market conditions, with the intention of reducing systematic risk.
The Centrix IX fund aims to benefit from both directional trends and the relative performance of equities, while complementing the existing Carrousel Fund Event Driven/Activist strategy that invests in closed end funds under the supervision of James Beddall and James Flannery.
"Back in 2007 when we began the development of this new strategy we knew that investors were looking for ever greater liquidity, transparency, and diversity and so designed Centrix IX to deliver on all those requirements" says Sangle-Ferriere. "We believe that taking a rigorous, systematic approach removes much of the risk posed by human behaviour and human error, but by retaining human oversight of our model we can remain dynamic in the event of unusual market conditions. The model is continually evolving, as future events inevitably alter the effectiveness of each rule. So we are constantly perfecting them as we gather ever more information and knowledge."
