Sunofia Capital Readies Market Neutral Hedge Fund Strategy

Jul 17 2013 | 5:16am ET

Asset management firm Sunofia Capital Management is gearing up to launch a market neutral hedge fund strategy.

The strategy, which will be managed by Moustapha Awada, will initially invest in European and Japanese liquid equities and will subsequently add liquid North American and global stocks.

Awada has over 17 years of trading, portfolio and risk management experience. Previously, he was a managing director and global head of the multi-asset systematic trading group at Dresdner Bank. Awada began his career in academia as a theoretical physicist. After receiving his Ph.D. from Imperial College, London, Awada completed three post-doctoral fellowships, including one from Cambridge University where he was supervised by Stephen Hawking.

Sunofia Capital has also partnered with Pulse Capital Partners, which helps institutionalize and accelerate funds’ growth.

“We are very excited to work with Dr. Awada whom I have known for many years,” said Pulse managing partner Ibrahim Gharghour. “We believe Sunofia’s approach to investing is highly differentiated by its alpha generating ability and robust risk management processes.”

The core strategy at Sunofia is built on a statistical arbitrage framework, trading high frequency signals via mean reversion and momentum-driven strategies. The investment process aims to provide investors with high risk-adjusted returns with low volatility product offering, driven by sophisticated models that regularly adapt to changing market conditions.

“We have developed and enhanced Sunofia’s models over the last 15 years. What distinguishes Sunofia from our peers in the market are our proprietary algorithms, which have proven time and time again the consistency of our performance not only in normal but also in distressed market conditions,” said Awada. “We believe that our strategy offers investors a differentiated source of alpha generation.”

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