Hedge fund seeder NewAlpha Asset Management is backing a new UCITS-compliant vehicle launched this month by KeyQuant.
NewAlpha's Emergence Performance Absolute Fund, which invests exclusively in French-registered hedge fund managers, seeded Key Trend UCITS with €30 million.
The new fund is a UCITS version of a three-year-old KeyQuant systematic strategy. Robert Baguenault de Viéville and Raphaël Gelrubin founded the firm in 2009.
"At NewAlpha, we are seeing about 600 managers every year including many CTAs and we have been extremely impressed by the research work and the performance achieved by Robert and Raphaël, who really differentiate from other systematic fund managers," NewAlpha CEO Antoine Rolland said. "They have focused their work on building a diversified trend-following program that is continuously invested on markets and that adjusts constantly the risk of the portfolio, based on the trend confirmation. KeyQuant outlines very well the fantastic pool of investment talents that you can find in France, especially in quantitative and systematic strategies. Our mission for Emergence’s investors is to detect the best of those and support their development.”
Key Trends UCITS is the third fund backed by the Emergence program.