Swiss Firm Launches Maiden Hedge Fund

Sep 4 2008 | 8:20am ET

Zurich, Switzerland-based Kraus Partner Investment Solutions last month launched its first hedge fund with US$20 million from a pair of seed investors.
 
altea Global One, a global macro offering which began trading as a managed account in January 2007, is a quantitative strategy with a weekly to monthly time horizon. The fund’s quant team shifts its risk budget across several strategies within the currencies, bonds, commodities and equities asset classes but explicitly excludes credit trades because it is an area the firm is not familiar with, according to Silvio Halsig, an account executive.
 
“We try to limit the downside deviation so most of the risk management is devoted to that,” said Halsig. “As a global macro fund we’re not doing 100% into two or three strategies. We’ll always make sure our risk budget is adequate and in addition we strictly limit certain positions such as shorting too much gold, Swiss francs or T-Bills.”
 
The altea Global One fund charges a 1.5% management fee and a 20% incentive fee for share class A investors and 0.75% and 20% for share class B investors.
 
Kraus Partner Investment Solutions AG was founded in 2001 and currently advises or manages some US$800 million in assets for institutional investors.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR