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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of