After a successful trading career spanning 20 years at Mizuho Corporate Bank London, Curtis Adams has moved his team to launch a new fixed income hedge fund under the Ovington name on 1 February 2011.
The Ovington team will initially launch on the Mirabella Financial Services LLP platform. Adams and his partner, Nick Williams, bring with them an established team, with over 100 years of experience in the Fixed Income markets.
Ovington’s aim is to deliver stable absolute returns over a broad range of market conditions through a diversified portfolio of strategies. This approach has enabled the team to deliver consistently high returns particularly during the extreme market volatility in 2008. The fund will concentrate on highly liquid instruments including government bonds, swaps, futures and currencies. The team’s trading style encompasses a combination of macro and relative value strategies within the G7 fixed income arena.
Prior to founding Ovington, Adams was head of the profitable Diversified Trading Group at Mizuho Corporate Bank. The former Mizuho team had been drawn from a selection of leading financial institutions including BNP Paribas, Soros Fund Management and Dresdner Bank.The Ovington Fund is seeded by SEB’s Luxembourg based "Manager Catalyst Fund".
Mikael Spångberg, head PM, says: “We consider ourselves to be innovative investors and are keen to discover talent at the early stages. There are a significant number of hedge funds operating in this space and we chose the Ovington team for their depth of experience accumulated over the last 20 years”.
Adams says, “Our vision is to build a scalable investment management group under the Ovington franchise with leading edge technology and institutional quality operations”. He concluded, “This is an established team working together across a combination of macro, directional and relative value trading strategies and is ideally placed to take advantage of the massive reduction in risk appetite coupled with increased government bond issuance”.
