Systeia Capital Management, the Paris-based alternative investment manager, has added the Systeia Global Macro Program to its product range.
With USD 89 million under management as at June 2006, the Program will be managed by Laurent Benaroche.
Benaroche was previously the co-Head of Systeia's statistical arbitrage and managed futures funds. Prior to this, he was the co-Head of the Systematic Desk at Barep Asset Management, where co-created the Epsilon program, and a fixed-income proprietary trader at Societe Generale. He will be assisted by Alexandre Drabowicz, who was formerly the Head of Trading of the Systeia Equity Quant and Systeia Futures Funds and Head of Fimat's Futures Desks in Sydney and Tokyo.
An institutional investment vehicle, the new fund has a minimum investment of EUR 250,000 and monthly liquidity. It will be managed with a top-down approach; identifying key macro-economic themes, based on analysis of the global liquidity environment and growth/inflationary tendencies. Fundamental and technical research tools will be used to identify the best risk/reward investment opportunities primarily in interest rate and foreign exchange markets.
As at July 2006, Systeia manages USD 1 billion in five styles, with eight strategies: event-driven, multi-strategy, alternative risk trading, equity linked, long/short, global macro, Eurohedge award nominated equity-quant and managed futures programs.
'We are delighted to announce this addition to our product range,' says Jean Louis Juchault, Chief Executive Officer and Co-founder of Systeia. 'The strategy has been designed to address the needs of a wide range of institutional investors and to deliver superior risk-adjusted returns. In an increasingly competitive market with a multitude of new strategies we constantly review our product range in order to respond appropriately to the increasingly sophisticated demands of institutional investors. In addition to this strategy we hope to announce some exciting new products towards the end of 2006.'
Background note: Systeia Capital Management, which was created in December 2000 by Jean-Louis Juchault and David Obert, manages more than USD 1 billion in a broad range of single-strategy hedge funds, offering competitive high returns investments solutions to large institutional investors, funds of hedge funds and corporates through 8 principal investment strategies. The firm is owned by its founders, its 40-person team and Credit Agricole Asset Management, its major stock holder. Systeia Capital Management is regulated by the French Authority AMF.