Sunofia Capital Management, an asset management firm specialising in systematic strategies, plans to launch a market neutral strategy.
The strategy will initially invest in European and Japanese liquid equities and will subsequently add liquid North American and global stocks.
The strategy will be managed by Dr Moustapha Awada who has over 17 years of trading, portfolio and risk management experience. Awada has an investment record dating back to 2005 when he was managing director and global head of the multi-asset systematic trading group at Dresdner Bank. Sunofia’s quantitative models have been developed by Awada over many years and market cycles, supported by his lengthy track record.
“We are very excited to work with Dr Awada whom I have known for many years,” says Pulse managing partner Ibrahim Gharghour. “We believe Sunofia’s approach to investing is highly differentiated by its alpha generating ability and robust risk management processes.”
Pulse Capital Partners partners with next generation hedge fund managers to institutionalise and accelerate their growth and will be working very closely with Sunofia to grow and support its investor base.
The core strategy at Sunofia is built on a statistical arbitrage framework, trading high frequency signals via mean reversion and momentum-driven strategies. The investment process aims to provide investors with high risk-adjusted returns with low volatility product offering, driven by sophisticated models that regularly adapt to changing market conditions.
“We have developed and enhanced Sunofia’s models over the last 15 years. What distinguishes Sunofia from our peers in the market are our proprietary algorithms, which have proven time and time again the consistency of our performance not only in normal but also in distressed market conditions,” says Awada. “We believe that our strategy offers investors a differentiated source of alpha generation.”