Carrousel Marks Birthday With New Hedge Fund

Aug 9 2010 | 2:07pm ET

French asset manager Carrousel Capital is marking its tenth anniversary with the launch of a quantitative hedge fund.

The firm, which specializes in closed-end fund arbitrage, has been building the new strategy for three years. The systematic fund will rotate its investment strategies, investing in liquid vehicles in a variety of asset classes, among them stocks, bonds, indices, commodities and currencies.

“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,” CEO Bruno Sangle-Ferriere told HedgeWeek. "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 Centrix IX fund is named for the grand ecoles alma maters of Sangle-Ferriere and directors Christophe Le Lannou and Lilian Chovin.

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