Systematic alternative investment manager Devet Capital Investments has launched a programme designed to identify and support new investment managers with the eventual aim of including them within the Devet product suite.
The ‘CTA Program’ – Capturing Talent Alpha – has opened with two managers, each of whom will trade allocated Devet proprietary capital prior to being considered for inclusion in client portfolios.
Devet co-founder Irene Perdomo did not wish to quantify exactly how long the prop trading period would be but says a successful outcome is “dependent on a series of parameters including risk management, volatility, measures of correlation to Devet’s current investment strategies and, naturally, performance.”
The first manager signed to the CTA Program is focused on agricultural futures, specifically grains and softs, and has some 20 years’ experience working as a senior trader for top tier banks and commodity trading houses.
The second manager has 15 years of experience working as a quantitative trader for top tier banks and proprietary trading firms across multiple asset classes with particular emphasis on statistical and volatility arbitrage. His investment focus is equity futures.
“The launch of the CTA Program is an important step for Devet Capital Investments,” says Perdomo (pictured). “It marks the beginning of our planned journey to create a suite of investment strategies and products each of which, while addressing different investment segments, conforms to our exacting management standards.”
