Professional Documents
Culture Documents
EVENT
ZURICH JUNE 23, 2015
EVENT DIRECTORY
The information contained in this Event Directory has been provided and prepared by the
individual companies and submitted to Swiss Financial Services for publication. Swiss
Financial Services has neither edited nor reviewed this information and does not represent
that this material is accurate, nor does Swiss Financial Services endorse or recommend any
of the companies contained herein. The Event Directory is provided for information
purposes only.
ORGANISED BY
TABLE OF CONTENTS
SPEAKERS
Moderators
Keynote Presentations
Oxford-style debate
Panellists
13
AlphaCore Capital
14
15
Belle-Vue Conseils
16
BlueOrchard Finance
17
Controlfida
18
Crossbow Partners
19
Ecamos
20
21
22
MeehanCombs
23
Odyssey Analytic
24
Patrimonium
25
26
27
28
Quantica Capital
29
30
31
32
Titan Advisors
33
SPONSORS
34
Arthur Cox
35
Lombard Ordier
36
37
UBS
38
40
SERVICE PROVIDERS
Alpha Governance Partners
42
Camdor Global
43
SPEAKERS
Moderators
Peter A. Fanconi (Chief Executive Officer)
BlueOrchard Finance S.A.
Before joining BlueOrchard as a member of the Board of Directors and
Chief Executive Officer, Peter was the CEO of Vontobel Private Bank, a
Swiss bank with CHF 140bn in client assets. Prior to that, he was CEO of
Harcourt Investment, a global leader in alternative investments. Peters
previous roles include Managing Partner at PricewaterhouseCoopers and
Managing Partner and Founder of MAP AG. Peter holds a Master of Law
from the University of Zurich. Peter serves as Chairman of the Graubndner
Kantonalbank (GKB) and as board member of academic and charitable
institutions worldwide.
Ian Morley (Chairman)
Wentworth Hall
Ian Morley is a business Angel and entrepreneur, author of Morley's Laws
of Business and Fund Management and one of the leading global figures
and pioneers in the development of the Hedge Fund Industry. He ran one
of Europes first and oldest Fund of Funds and subsequently helped build
one of Europes largest privately owned Fund of Funds. He has helped build
manage, own, buy, sell and mentor start-up businesses over the last twenty
years. He founded and was elected the first Chairman of what is today
known as The Alternative Investment Management Association (AIMA), the
worlds only truly global trade association for the Hedge Fund Industry. He
has advised Central Banks, International Regulators and other International
Organisations, such as the EU and OECD on matters related to Economics,
Markets and Regulation.
He is Chairman of Montreux Capital, Wentworth Hall Consultancy,
Ridgeway Financial Solutions. Senior Consultant at Allenbridge. Director at
Condor and Eclectica, and Special Consultant to the Isle of Man
Government and Funds Association.
He is one of the most highly rated and sought after speakers and Chairman
on the Financial Conference Circuit.
His articles have been published in The London Times, FT, International
Herald Tribune and various trade publications. He has appeared frequently
on BBC, radio and TV, Sky, CNN, CNBC, Bloomberg and various international
TV and radio stations.
Ian trained as an Economist at LSE where he was Vice President of the
Students Union. He is a member of Grays Inn and one of the few fund
managers to be accredited as a journalist.
Ian served as a battle medic with a MASH unit and has completed sixteen
International Marathons, One hundred and fifty half marathons and
competed in weight lifting and dancing competitions. He lives in London
with his dog, cat and sometimes his children.
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Keynote Presentations
Jrmie Lagarrigue (Chief Executive Officer)
Hydros
Engineer and first-class sailor, Jrmie Lagarrigue has crewed on board
several well-known French yachts and F18 sport catamarans, winning
several medals at French, European and world championships. With a large
experience in the automobile (PSA Peugeot Citron) and the yacht industry
(Mattia), Jrmie has always sought to marry racing performance with
business and technological development throughout his career.
Dr. Bob Swarup (Chief Executive Officer)
Camdor Global
Dr Bob Swarup is a respected international expert on financial markets,
macroeconomics, alternatives and regulation. He is Principal at Camdor
Global, a strategic advisory firm that assists institutions and investors
around the world with key investment, risk management, business and
regulatory challenges. Clients have included Fidelity, Russell Investments,
Saxo Bank, M&G and Terra Firma. He is also a managing partner at Alpha
Governance Partners, a leading provider of independent directors and
governance services to the alternatives industry and investors; and is cofounder of the Insurance Investment Exchange, the leading forum for
insurers globally to debate investment issues.
Bob was formerly a partner at Pension Corporation, a leading UK-based
pension buyout firm with over $20bn in assets, where he was Head of
Alternative Investments, Chief Risk Officer and ran macro & policy. Bob also
served as Senior Investment Advisor to the UK Pensions Regulator; on the
Advisory Board of Adveq, a leading Swiss PE firm; the Board of CatCo, a
$2bn reinsurance hedge fund that he helped seed in 2011; and on several
committees of the Association of British Insurers.
Bob is a Fellow of the Institute of Economic Affairs and a Senior Visiting
Fellow at Cass Business School. He holds a PhD in cosmology from Imperial
College London and an MA (Hons) from the University of Cambridge. Bob
has written extensively on diverse topics, with his work appearing in the
Financial Times, Economist, Guardian, CNBC, Bloomberg, Boston Globe and
others. His latest book is the internationally acclaimed bestseller Money
Mania, examining over two millennia of financial crises (Bloomsbury, 2014).
Return to Index
Oxford-style debate
Rudolf Bohli (Founder & Chief Investment Officer)
RBR Capital Advisors
Rudolf Bohli, fund manager, started his career at UBS where he traded
interest rate linked products and derivatives. After a few years he moved to
Bank am Bellevue, a boutique equity research firm. Having gone through a
variety of sectors including but not limited to industrials, telecommunications, biotechnology and luxury goods, it was not long before
he was promoted to head of research of the firm.
It was in 2003 that Rudolf decided branch out and setup RBR Capital and
the RBR European Long Short (LUX), a European equity long short UCITS
fund. After much success with the first fund, two years later Rudolf
launched the RBR European Long Short LTD, a Cayman fund. Rudolf is
the Chief Investment Officer, Chief Executive Officer and Founder of
RBR Capital Advisors AG.
Felix Zulauf (Co-Chief Investment Officer)
Vicenda Asset Management
Felix W. Zulauf, born 1950, has worked in the financial markets and asset
management for almost 40 years. He started his investment career as a
trader for a large Swiss Bank and received training in research and portfolio
management thereafter with several leading investment banks in New
York, Zurich and in Paris. Felix joined Union Bank of Switzerland (UBS),
Zurich, in 1977 and held several positions over the years including
managing global mutual funds, heading the institutional portfolio
management unit and at the same time acting as the global strategist for
the UBS Group. After two years with a medium-sized Financial Organization
as a member of the executive board, he founded his wholly owned Zulauf
Asset Management AG in 1990, allowing him to independently practice his
own individual investment philosophy. He sold the majority of his firm
several years ago and spun his remaining minority off, which is today
primarily his own family office. In 2013 he founded Vicenda Asset
Management with several partners and holds the Co-CIO position together
with his son. Vicenda Asset Management is a global investment boutique
based in Zug, Switzerland, with focus on alternative and real asset
investment strategies. He is married and has two grown-up children.
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Panellists
Thomas Arnet (Senior Investment Officer)
UBS Global Asset Management
Thomas joined A&Q Hedge Fund Solutions, the alternative investment
business area of UBS Global Asset Management, in August 2013 and is
responsible for regional client and customized portfolio solutions.
Prior to joining UBS, Thomas headed the hedge fund team at a multi billion
family office in Switzerland from 2008 and before that; he headed
Alternative Investments at Swisscanto, the asset management entity of the
Swiss Cantonal Banks, where he joined 2004. Previously he was regional
head of Alternative Investments at Julius Baer in Switzerland for 4 years.
Thomas started his career 1995 on the trading floor of UBS Investment
Bank trading fixed income and foreign exchange instruments before
spending 2 years with the treasury department of Schindler, the world's
second largest elevator and escalator company.
From 2001 to 2005, Thomas was Vice President of the Board of creInvest,
an investment company that was traded on the Swiss Exchange from 1996
to 2009.
Christian von Ballmoos (Managing Partner)
PvB
Christian von Ballmoos, born in March 1972, co-founded PvB Pernet von
Ballmoos AG in 2004 after working several years at Credit Suisse where he
started in the product structuring team for alternative investments in 1998.
In 2001 he was appointed as Head of Product Management at Credit Suisse
Financial Services including the responsibility for the monitoring of external
(hedge-) fund managers. In 2002 he became Co-Head of Private Client Sales
at Credit Suisse Financial Services with responsibility for global product
distribution for private-, retail- ad corporate clients. Previous to his
experience at Credit Suisse, Christian worked in the Company Financing and
Controlling department of F. Hoffmann La Roche AG in Basel. He
graduated with a degree in business administration with a major in Finance
and Capital Markets from the University of St. Gallen, Switzerland. Christian
lives in Zurich, Switzerland.
Chuak Chan (Chief Executive Officer)
Ascalon Capital Managers
Chuak joined Ascalon in 2011, and was appointed Chief Executive of the
broader group in late 2012. Chuak is an executive director of Ascalon
Capital Managers Asia and is on the board of several Ascalon partner firms.
He started his career at a Chartered Accounting firm and joined Bankers
Trust in 1988, where he worked in business management and established
their Singapore business. He joined ING Investment Management in 1998,
where he led sales and marketing and also served as Chief Risk Officer, Asia
Pacific. In 2007 Chuak co-founded a hedge fund in Hong Kong and was COO
until 2011. Ascalon invests in both leading fund management firms, and
the Funds they manage, and currently has a portfolio of 6 fund
management firms across Sydney, Hong Kong and Singapore, managing
over 12 funds between them, with over US$3.6bn in assets.
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Name
Alexander Griffin
Title
Founding Partner
Email address
alexander@alltusaset.com
Interview
http://bit.ly/TopTraders-meet-the-manager
Summary
Trading strategy
The strategy is a bottom up, research driven, absolute return investment fund that will
take long and short positions primarily in the Japanese equity markets based on our
proprietary ideas and extensive company research. Our strategy is truly global in that we
are located in London, Singapore and Tokyo which enables us to trade and monitor
markets live time. Furthermore, this global coverage allows us to meet with not only with
IR departments in Japan and top management, usually the president or chairman in
overseas roadshows, but enables us to make a more informed judgement with overseas
competitors.
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AlphaCore Capital
Name & Title
Email address
research@jmsinvest.ch
Summary
Trading strategy
European equities
We generate absolute returns in Swiss Francs
+83% since inception (May
08 - Feb 15), CAGR 9.2%,
annualized volatility 8.3%,
sharpe
1.06.
Maximum
drawdown 9.9% (incl. January 2015 CHF effect).
Experienced advisory team
with aligned interests
Managers have the large majority of their investable assets in the fund. Managers
have worked together closely
for ten years. Offices and
management access in Zurich.
Stringent risk management
and downside protection
Wealth preservation focus.
Factor Risk/VaR analysis.
Liquidity limits.
Attractive fee structure and
monthly liquidity
Monthly redemption and
subscription 15 business
days notice period. FINMA
registration submitted approval expected in 2015.
Return to Index
Summary
The ASEAN group was
established in 2005 to
allow us to combine a
working knowledge of
asset management and
corporate finance skills
with regional stock picking
acumen. We utilize this
experience and skill set
through our direct hands
on involvement in the
individual companies we
invest in. Our focus is on
developing a concentrated
deep value portfolio that
exploits systemically undervalued markets.
Name
David Roes
Title
CEO
www.aseanadvisors.com
deroes@aseanadvisors.com
Interview
http://bit.ly/TopTraders-meet-the-manager
Trading strategy
Deep Value investing in Asia. High growth levels and emerging middle classes have been
driving asset revaluations across the Asian region. The most compelling time to find Deep
Value opportunities and to invest in these emerging economies is just after a cycle or
crisis bottom. Time and time again, we have seen the exaggerated asset recovery cycle
drive valuation levels in public companies from highly discounted option value at the
bottom, to unsustainably high multiples at the peak. Thematic sentiment is often
responsible for affecting entire market sectors or geographies on a systemic basis.
Although compelling entry points are generally event driven, the recovery is usually more
predictable, within an investment timeframe of a single cycle (typically 2-4 years.) Further,
deep value investing is not the same as distressed asset investing given that the
companies and assets are generally good, but simply undervalued as a group driven by
overall market negativity. Risk is managed by diversification, focusing on obtaining a high
margin of safety through discounted entry points, and constant promotion of value
enhancing corporate actions with cooperative managements. A market that recovers from
valuation levels of 0.05 cents to 0.50 cents to the dollar provides a significant return with
a high probability.
Provoking trade idea or market view
OUR PRIORITY THEME: Vietnam real estate developers with large land banks on
developing city fringes. The Boston Consulting Group recently published the results of a
detailed consumer survey in Vietnam, stating The middle and affluent class (MAC) in Viet
Nam will double in size between 2014 and 2020, from 12 million to 33 million. It is also
estimated that about 1 million people a year are moving to urban centers. The domestic
urbanization movement combined with the opening of the market to foreign buyers will
drive property valuations to multiples off the base. We have seen this same trend recently
in Indonesia, Thailand and China. In Vietnam over the last decade, real estate developers
have accumulated hundreds (or even thousands) of hectares of land at agriculturaldiscount prices and are now launching projects into the recovering real estate market. In
short, conversion of highly discounted book value assets to top-line earnings and cash
flow will drive a strong recovery in well-positioned companies. Given these companies
were devastated during the last bear market (2007- 2011) they are poised to benefit in a
material recovery of both equity markets and hard asset valuations. In the equation of
P/E, that is both higher P(price) on larger E(earnings).
Return to Index
BELLE-VUE CONSEILS
Summary
Belle-Vue
Conseils
was
founded in 2008 by Pascal
Monnerat who has been
trading and investing in fixed
income securities since the
late 1980s and who has
subsequently been involved
in multi-asset class trading
with global macro themes and
event-driven opportunities.
Based in Geneva, Belle-Vue
Conseils is an independent
advisor focusing on alternative and hedge funds
strategies with the following
edges:
Experience & Understanding
- multi-asset class investment
experience and deep understanding of capital markets
Flexibility - ability to reallocate
the portfolio across different
asset classes
Name
Pascal Monnerat
Title
Managing Partner
www.bellevueconseils.ch
pmonnerat@bellevueconseils.ch
Trading strategy
Belle-Vue Conseils is an advisor for global macro strategies.
The advisor seeks relatively low risk-adjusted returns; targeting returns of 15% to 20% per annum.
The investment strategy is true global macro investing primarily in interest rates, bonds, credits,
equity indices, forex and commodities, but also in specific securities selected based on value and
momentum investing. Cash and derivative products are also employed where necessary to
improve portfolio performance and resilience. The advisor also uses traditional technique of long
short investing as well as controlled leverage.
The strategy only invests in liquid securities and investment products with a focus on western
European markets and events.
To ensure the success of the strategy, Belle-Vue Conseils uses a combination of top-down global
macro analysis with bottom-up security selection to identify attractive investment opportunities.
The latter also includes event-driven trades where a specific situation creates an interesting
investment opportunity involving a particular security or group of securities.
The strategy is unique and has benefitted from Belle-Vue Conseils ability to switch between asset
classes during tumultuous periods.
Belle-Vue Conseils has enough discipline not to fall in love with the positions. Consequently it is
able to read new themes in real time and to change direction with the markets. Its returns are
sourced from different market segments, and the returns have been year after year generated
alternatively from convertible bonds, from debt, from equities, from government bonds and from
equities.
Return to Index
Name
Remo Oswald
Title
www.blueorchard.com
investor@blueorchard.com
Interview
http://bit.ly/TopTraders-meet-the-manager
Summary
Trading strategy
Our strategy is to drive stable financial returns for investors, and to generate a strong
social impact fostering financial inclusion and shared prosperity, by making debt
investments in a well-diversified portfolio of mostly Tier I and Tier II microfinance
institutions worldwide.
BlueOrchard combines a top-down approach of strategic asset allocation with a
rigorous bottom-up credit analysis and underwriting procedure. Investments are
typically buy and hold, as there is essentially no secondary market in MFI debt
investments. Risk is controlled through rigorous due diligence procedures,
concentration limits and wide diversification targets. Currency and duration risks are
hedged. In addition, social performance management is an integral part of the
investment process and conducted according to our proprietary social performance
scorecard (SPIRIT).
Provoking trade idea or market view
Microfinance as an asset class has become highly professional and widely recognized.
Microfinance shows rapid growth and offers an attractive risk/return profile. An
increasing number of investors have discovered the advantages of this growing asset
class. Based on the healthy growth rate, the current yield spread is expected to stay
stable and slightly increase over time. According to a recent industry survey by the
University of Zurich, every second institutional investor in Switzerland will be invested
in microfinance by 2020, representing further growth of the asset class. A significant
portion of well-informed Swiss institutional investors is currently invested in
microfinance and many are considering raising their exposure. The stable
performance, positive social impact and particularly the low correlation to traditional
asset classes outline microfinances most attractive benefits for investors.
The low yield environment of traditional fixed income products combined with the
increasing number of professionally managed and transparent investment
opportunities contribute to the asset class dynamic growth of nearly 15% pa.
BlueOrchard is a leading microfinance investment managers worldwide and one of
the preferred partners of many DFIs, we play a key role in the industrys development
and innovation.
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http://www.controlfida.com
edoardo.capello@controlfida.com
mauro.mariani@controlfida.com
Summary
Trading strategy
Return to Index
Name
Title
Portfolio Manager
Company website
www.cb-partners.com
Summary
Trading strategy
We offer access to a
portfolio of systematic investment strategies based
on an investment approach
with 10+ years real track
record.
The Alpjen Global Systematic Equity Futures strategy trades a portfolio of in-housedeveloped systematic trading strategies investing in liquid equity index futures worldwide.
Focusing on short-term time frames, which means no overnight positions are held, the
portfolio consists of a blend of trend and mean reversion strategies. The underlying
philosophy is based on the view that a successful and robust systematic trading strategy
shall:
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Name
Mller Ren
Title
CEO / CIO
http://www.ecamos.ch
info@ecamos.ch
Summary
Trading strategy
ecamos Investment AG
(ecamos) is an independent
asset management company
developing systematic investment strategies with
economic sense. ecamos is a
member of the Alternative
Investment
Management
Association (AIMA) and registered with PolyReg, a selfregulating organisation recognised by the Swiss Financial
Market Supervisory Authority
FINMA.
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Hellebore
Summary
After 15 years working for
French banks, the founders
decided in late 2012 to
launch the entrepreneurial
Hellebore project, seeking
to open up to investors the
index-arbitragestrategy
that the banks can now no
longer use off their balance
sheets. The Hellebore, also
known as the Christmas
rose, was chosen to represent the resilient, unique
character of the project.
Name
Frank Bielikoff
Title
http://helleborecapital.com
www.datagrapple.com
frank.bielikoff@helleborecapital.com
Trading strategy
Our strategy invests in a niche market, the credit derivatives index basis.
The index basis is the difference between the index level and the sum of its components.
A credit default swap index and the set of credit default swaps referencing the index
constituents are two contracts having exactly the same contractual cash flows. Alpha
emerges from this asset replication of two perfectly offsetting contracts priced at
different levels. The basis is a credit neutral synthetic asset, source of alpha generation.
Our strategy rotation is significant with a 6 months average holding period. Targeting a 6%
volatility, our strategy is highly diversified with exposure in Europe, North-America and
Asia. We rely on the AIFMs cutting edge technology and risk framework for monitoring,
managing and processing large portfolios of credit derivatives.
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Name
Grant Peterkin
Title
https://www.loim.com
g.peterkin@lombardodier.com
Interview
http://bit.ly/TopTraders-meet-the-manager
Summary
Trading strategy
Over the last 6 years, global central banks monetary policy has injected an extraordinary amount of liquidity into financial markets. This has eased the risk of a severe
global depression, but has also pushed asset price valuations to extreme levels as a
yield-grabathon takes place. With half the worlds sovereign bonds yielding a negative rate, it has forced some investors down the credit curve into riskier assets as
volatility has collapsed.
Emerging Market High Yield Credit has been a large beneficiary of this liquidity injection. However, with the US Federal Reserve looking to raise rates by the end of the
year, valuations look extremely stretched to us as we believe prices do not reflect the
reality of the underlying asset.
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Name
Eli Combs
Title
President
http://www.meehancombs.com
eli@meehancombs.com
Interview
http://bit.ly/TopTraders-meet-the-manager
Summary
Trading strategy
MeehanCombs is a$200mm
U.S. based hedge fund manager which was founded in
2013 with a cornerstone
investment from Blackrock.
The firm focuses on long /
short credit investing in
Europe and the U.S. with an
emphasis on stressed and
distressed corporate credit.
MeehanCombs manages
liquid portfolios including
daily liquid 40 Act portfolios and in August 2015
will start their first UCITS
portfolio.
MeehanCombs invests in tradable corporate credit with a focus on event driven and value
investments. The senior MeehanCombs investment team has over 60 years of combined
investment experience and has worked together as a senior team for over 5 years. The
MeehanCombs Global Credit Opportunities Fund applies a long/short, zero leverage
strategy. While the majority of the firms investments are concentrated in high yield
bonds and leveraged loans, they may also range from senior secured investment grade
debt to convertible bonds, and on occasion common equity (limited to 5 percent of AUM
by cost). Investment opportunities are commonly generated by disruptions in economic
growth, insufficient trading liquidity, industry / cyclical pressures and political instability in
both Europe and the U.S. The firm has best in class independent governance and provides
full weekly transparency to investors on request The fund's objective is to target and
capture double-digit net returns with lower volatility than equity markets.
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Name
Alexandros Tselentis
Title
President
http://www.odysseyanalytic.ch
tselentis@odysseyanalytic.ch
Interview
http://bit.ly/TopTraders-meet-the-manager
Summary
Trading strategy
Odyssey Analytic focuses on investing in public equities within the Green Sector. The
majority of investors in this sector are qualitative which focuses on politics and specific
technologies. By systematically applying fundamental valuation models to the same pool
of equities we can profit from the inefficiencies in valuation created by qualitative
investment strategies.
We believe that the valuation inefficiencies that are created by qualitative managers
behavioral biases creates significant opportunities on the short side too, which is why we
apply a long/short strategy when trading this sector.
Though we follow a quantitative equity portfolio strategy we are not high speed traders.
We seek out errors in valuation that have a high probability of being catalyzed over a 90
day period. We thus review and rebalance our portfolios on a quarterly basis. This
process of purchasing undervalued equities makes us contrarian investors as we tend to
find value in parts of the market that are being shunned.
Provoking trade idea or market view
Socially responsible equity investments can match or exceed the returns of traditional
equity portfolios.
Return to Index
Summary
Patrimonium is a Swiss
owned FINMA regulated independent alternative asset management company
active in real estate, private
debt and private equity
investments.
Patrimonium operates offices
in Echandens near Lausanne,
in Zurich and in Baar in
Switzerland employing over
25 investment professionals.
Today Patrimonium and its
affiliate companies have
approximately CHF 2bn assets under management for
a large amount of institutional and private investors.
Asset classes:
Real Estate
Private Debt
Private Equity
Products / Services:
Regulated Products
Special Purpose Vehicles
Mandates
Name
Juerg Huerzeler
Title
http://www.patrimonium.ch
Juerg.Huerzeler@patrimonium.ch
Trading strategy
The Debt investment strategy focuses on direct senior secured loans for middle
market companies domiciled in Germany, Austria and Switzerland ranging from 5
million to 30 million per investment. This investment strategy is typically able to
generate coupons of around 10% p.a. plus additional upside linked performance
elements.
The Real Estate investment focus for the Swiss products is set on properties in the
moderate rent range with a potential for further rental income growth in good
economic and demographic regions. The systematic renovation of properties and the
development of new building projects are our strategic priorities.
For selected qualified investors we also continuously identify and structure
opportunistic real estate investments in Switzerland and neighboring countries.
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Name
Title
Thomas Stmpli
Portfolio Manager
http://www.pvbswiss.com
christian@pvbswiss.com
Interview
http://bit.ly/TopTraders-meet-the-manager
Summary
Trading strategy
Return to Index
Name
Gregor Etzweiler
Title
http://www.potomacriverfund.com
investor.relations@potomacriverfund.com
Interview
http://bit.ly/TopTraders-meet-the-manager
Summary
Trading strategy
Name
Winistrfer Ivo
Title
CEO
http://www.progressivecapital.com
info@progressivecapital.com
Summary
Trading strategy
Linden Core 1X and Linden Core 2X strategies are the diversified managed futures CTA
Program of the funds investment advisor ecamos Investment AG with a core allocation to
trend following.
The Linden Core 2X strategy trades 2 times the diversified managed futures CTA program
of the investment advisor.
The strategy derives from medium term trend following, pattern recognition, relative
value and mean reversion strategies. The strategy has a low correlation to equity and
fixed income markets. Aims to create stability through a well-diversified portfolio.
Investments are made through exchange-traded futures in commodities, equities, interest
rates and foreign exchange.
Return to Index
Summary
Quantica Capital AG was
formed in 2003 as a share
company under Swiss law,
and is based in Schaffhausen,
Switzerland. The company is
independent and fully owned
by the management of the
firm. It employs a highly
qualified and experienced
team of investment professionals and researchers.
Quantica Capital AG is a
member of the NFA, and
registered as a CTA and CPO
with the CFTC. It is also
licensed with the Swiss
Financial Markets Supervisory
Authority FINMA as an Asset
Manager of Collective Investment Schemes and a
member of The Alternative
Investment
Management
Association Limited (AIMA).
Name
Bruno Gmr
Title
Managing Partner
www.quantica-capital.com
info@quantica-capital.com
Trading strategy
The Quantica Managed Futures Program is a systematic investment strategy that aims to
detect and take advantage of trend-following market inefficiencies in a diversified, liquid
investment universe which includes more than 60 liquid global markets. The investment
universe is globally diversified and includes exchange traded futures contracts within the
equity index, bonds, interest rates, commodities and FX markets, as well as OTC currency
forwards. The objective of the program is to generate long-term capital growth within a
well-defined risk management framework.
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Name
Rudolf Bohli
Title
CEO / CIO
http://www.rbrcapital.com
info@rbrcapital.com
Interview
http://bit.ly/TopTraders-meet-the-manager
Summary
Trading strategy
RBR Capital Advisors AG invests long and short in Continental European equities.
Fundamental research and a top down macro view drive stock selection. The
management team carries out several hundred company management meetings per year.
The portfolio typically consists of thirty to thirty five longs and twenty to twenty five
shorts single stock investments. The typical gross exposure will be around 150% with a net
exposure of 40 to 50% of NAV.
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Name
Michael Coleman
Title
Managing Director
www.rcma-asset.com
mike@rcma-asset.com
Interview
http://bit.ly/TopTraders-meet-the-manager
http://bit.ly/ttu79sN
Summary
Trading strategy
RCMA Asset Management employs a detailed understanding of the supply and demand
dynamics of the commodities traded and an extensive knowledge of the real world
frictions, time lags and system limitations in producing, transporting and processing
commodities.
The primary driver of investment decision making is bottom up fundamental supply and
demand analysis at the individual commodity level. In general, commodity markets lack
timely and reliable supply and demand data and so to implement the strategy successfully
requires a deep understanding of and network within the physical commodity markets.
The strategy is not long-biased and it can and does run net short portfolios when
conditions dictate. In addition to taking outright directional positions, we also take
significant relative value positions. Relative value trades are not premised on statistical
correlations but on real physical linkages between the components of the trade.
The selection of trades, the sizing and weighting between commodities and between
outright directional trades and relative value trades is an entirely discretionary process.
The process is constrained by various sector and concentration limits that are established
in our documents and the internal Risk Management Manual.
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Name
Title
CEO
http://robuscap.com
dk@robuscap.com
Summary
Trading strategy
In our performing credit funds we are looking for credit opportunities and seek to buy
corporate credit instruments from mid-sized corporate issuers in the German-speaking
part of Europe at discounts to the nominal value (value approach).
The investment strategy is mainly bottom-up driven and with an investment team of six
experienced professionals we are investing in the 40-50 best ideas in our universe.
After a deep due diligence each investment is closely monitored and in case the performance of a company does not meet our own projections we immediately sell positions,
hence, we are active managers and not hold-to-maturity.
As absolute return managers we are investing mainly in the safest part of the capital
structure of companies and in our funds we are mainly invested in senior or even senior
secured instruments. In case of scarce opportunities,
The allocation of e.g. private credit instruments such as loans or Schuldscheins versus
public instruments such as high yield bonds or local bonds is purely opportunistic.
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Name
George Fox
Title
http://www.titanadvisors.com
gfox@titanadvisors.com
Summary
Trading strategy
At Titan Advisors, we seek to build fund of hedge fund portfolios that will generate a
consistent, risk managed return while preserving capital in down markets. Titan is most
heavily focused on Long/Short Equity, Event-Driven and Global Macro/CTA and strives to
avoid the hedge fund strategies that rely on leverage use.
Commingled Products
Insurance Dedicated
Customized Strategies
Seed Fund Vehicles
Titan values risk management over all else, and seeks managers who actively adjust their
exposures in a manner that enables their funds to generate performance, or at a
minimum preserve capital, across market environments. We therefore invest with
managers who trade liquid securities, and constrain their overall asset size, so that their
portfolios can be dynamically adjusted to reduce risk in times of extreme volatility. In
general, we believe size can be an inhibitor to performance, and therefore we limit the
size of our products, and choose to invest with managers who themselves pay particular
attention to asset growth in relation to their investment opportunities.
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DUBLIN
BELFAST
LONDON
NEW YORK
SILICON VALLEY
Expect Excellence.
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www.loim.com
WELCOME TO
LOMBARD ODIER INVESTMENT MANAGERS
INDEPENDENT IN OUR APPROACH AND OUR OWNERSHIP
46bn
Equities
Convertibles
Fixed Income & Macro
Multi-Asset 2
Less liquid
Others 3
SMART BETA
USD 10.5 BILLION
Smart Beta aims to deliver
more efficient market exposure
than traditional benchmarks.
Fundamental: our fixed
income approach weights
issuers based on economic
fundamentals rather than
relying on debt levels.
S ystematic: we apply
a factor-based approach
to improve equity and
alternatives strategies.
ABSOLUTE RETURN
USD 4.6 BILLION
MULTI-ASSET
USD 8.3 BILLION
persons that LOIM has expressly confirmed as being appropriate recipients of this document. If you are not
a person falling within the above categories you are kindly asked to either return this document to LOIM
or to destroy it and are expressly warned that you must not rely upon its contents or have regard to any
of the matters set out in this document in relation to investment matters and must not transmit this document
to any other person. This document contains the opinions of LOIM, as at the date of issue. The information
and analysis contained herein are based on sources believed to be reliable. However, LOIM does not
guarantee the timeliness, accuracy, or completeness of the information contained in this document, nor does
it accept any liability for any loss or damage resulting from its use. All information and opinions as well as the
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or existing in any state, territory or possession of the United States of America, a corporation organized
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Views and opinions expressed are for informational purposes only and do not constitute a recommendation
by LOIM to buy, sell or hold any security. Views and opinions are current as of the date of this presentation
and may be subject to change, they should not be construed as investment advice.
2015 Lombard Odier Investment Managers all rights reserved.
For professional investor use only. Important information: Publication of Lombard Odier Investment Managers. For use of recipient only, do not forward.
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Hotel Concept
Representation
Private Labelling
Repatriation
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Confidential
For professional/institutional/
qualified investors only
A&Q is
One of the leading hedge fund investors able to draw
on the resources, control environment and safety of
one of the world's largest and best capitalized banks
Led by Global Head William Ferri and CIO Bruce
Amlicke, a long tenured investor in the hedge fund
industry
A fiduciary investor and trusted advisor to institutional
and wealth management clients globally
A flexible platform with over a decade of experience
partnering with clients in an advisory capacity
Helping to educate those institutions making their first
foray into Hedge Fund investing
Partnering with those institutions that are not satisfied
with their current Hedge Fund investment program
Facilitating high quality knowledge transfer programs
with training customized to each client's needs
A leader in state of the art proprietary technology that
supports portfolio monitoring and risk management
Striving to uphold industry "Best Practices" in
Operational Due Diligence, with a dedicated team
conducting comprehensive analyses and consultative
engagements with investment managers
Successful in avoiding managers who were
substantially impacted by counterparty, infrastructural
risk or control deficiencies
Dedicated to negotiating the most advantageous terms
that solely accrue for the benefit of our clients
As an SEC registered investment advisor, we have certain fiduciary responsibilities to our clients; 2 as at 1 April 2015; 3 Headcount includes dedicated resources as of 31 March 2015;
As of 1 January 2015; 5 this includes registrations for UBS Alternative and Quantitative Investments LLC and UBS Alternative and Quantitative Investments Ltd. Both legal entities are
collectively referred to as "A&Q" for the purposes of this presentation; 6Amount allocated to hedge funds refers to the actual dollars used to purchase hedge fund interests over time.
1
4
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Contact information
This document is for informational purposes only and is not intended to be construed as an invitation or offer of securities or to conclude a contract or to buy and sell any security or related financial
instrument. Such an offer will only be made by means of a confidential offering memorandum. This material is confidential and intended solely for the information of the person to whom it has been
delivered and may not be distributed in any jurisdiction where such distribution would constitute a violation of applicable law or regulations or to certain categories of investors. Recipients may not
reproduce or transmit it, in whole or in part, to third parties. The program described herein is for sophisticated investors or professional clients as the program by its nature involves a substantial
degree of risk. This document is not to be distributed to or relied upon by retail clients under any circumstances. The information in this document does not constitute advice and does not take into
consideration your investment objectives, legal, financial or tax situation or particular needs in any other respect. Investors should seek professional advice as to the suitability of the program. If
conflicts exist between this document and the applicable offering memorandum, the offering memorandum takes precedence. Any returns presented may or may not be indicative of the returns of
the share class, series, and/or fund offered to you. Commissions and costs have a negative impact on performance. Should the currency of a financial product or service not match your reference
currency, performance may rise or fall due to currency fluctuations. Your actual returns may be different and can be determined from the statements sent by the fund's administrator. Unless
otherwise noted, the information used to create information presented was based solely on information collected and retained by the investment manager and is believed to be reliable, but its
accuracy cannot be guaranteed. Information used herein may have been obtained from third party sources including affiliates and as such the investment manager makes no representations as to the
accuracy of such source or information which is subject to change without notice to the recipient. Notwithstanding the foregoing, third party funds and managers have neither reviewed nor approved
any of the charts, graphs or other materials prepared by UBS Alternative and Quantitative Investments LLC based on information contributed by such third party funds and managers. If contained in a
presentation, the information herein is not intended to be read in isolation and may not provide a full explanation of all of the topics that were presented and discussed. All such information and
opinions are subject to change without notice. Neither this document nor the securities nor any other financial instruments referred to herein have been registered or filed with or approved or
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statements that constitute "forward-looking statements", including, but not limited to, statements relating to our future business development. While these forward-looking statements represent our
judgments and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ
materially from our expectations. Any market or investment views expressed are not intended to be investment research. Source for all data and charts (if not indicated otherwise): UBS Global Asset
Management, a business division of UBS AG.
Past performance (whether simulated or actual) is not indicative of future results. Potential for profit is accompanied by possibility of loss.
For Switzerland: This document has been issued by UBS AG, a company registered under the Laws of Switzerland. The following paragraph refers only to fund(s) mentioned in this document, which
are distributed in or from Switzerland, which are managed by UBS and/or any of its affiliates and having UBS Fund Management (Switzerland) AG as Representative in Switzerland. Any such fund(s)
referenced herein are intended only for Swiss qualified investors pursuant to Art 10.3 of the Collective Investment Schemes Act (CISA) and are not allowed to be distributed to the retail public (i.e.
non-qualified investors). Information for Swiss qualified Investors:Representative in Switzerland: UBS Fund Management (Switzerland) AG, Brunngsslein 12, CH-4052 Basel. Paying Agent in
Switzerland: UBS AG, Aeschenvorstadt 1, CH-4051 Basel and Bahnhofstrasse 45, CH-8001 Zurich. The relevant Legal Fund Documents to this fund (s) are available free of charge from the
Representative in Switzerland. Before any investment, please read the latest Legal Fund Documents. The information herein is not intended to be construed as a solicitation or an offer to invest in the
fund(s). Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing and redeeming. If the
currency of the fund(s) is different from your reference currency, the return can increase or decrease as a result of currency fluctuations. This information pays no regard to the specific or future
investment objectives, financial or tax situation or particular needs of any specific recipient. The details and opinions contained in this document are provided by UBS Alternative and Quantitative
Investments LLC without any guarantee or warranty and are for the recipient's personal use and information purposes only. This document and its contents have not been reviewed by any regulatory
authority in Switzerland.For USA: This document has been issued by UBS Alternative and Quantitative Investments LLC for distribution to professional clients or sophisticated investors only. Funds are
offered through UBS Global Asset Management (US) Inc./UBS Financial Services Inc. (a member of FINRA and SIPC). UBS Alternative and Quantitative Investments LLC (an investment adviser registered
with the US Securities and Exchange Commission) and UBS Financial Services Inc./UBS Global Asset Management (US) Inc. are wholly-owned subsidiaries of UBS AG. For EMEA: This document has
been issued by UBS Alternative and Quantitative Investments Limited, a company registered under the laws of the United Kingdom, however it has not been prepared in line with the Financial
Conduct Authority of the UK (FCA) requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of
investment research. Funds are offered to Professional Client and Eligible Counterparty customers in the UK through UBS Global Asset Management (US) Inc. UBS Alternative and Quantitative
Investments Limited (authorised and regulated by the FCA) and UBS Global Asset Management (US) Inc. (a member of FINRA and SIPC) are wholly-owned subsidiaries of UBS AG.
For Hong Kong/Singapore/Vietnam/Korea/ People's Republic of China/Republic of China: This document and its contents have not been reviewed by, delivered to or registered with any
regulatory or other relevant authority in Hong Kong/Singapore/ Vietnam/Korea/People's Republic of China/Republic of China. This document is for informational purposes and should not be construed
as an offer or invitation to the public, direct or indirect, to buy or sell securities. This document is intended for limited distribution and only to the extent permitted under applicable laws in Hong
Kong/ Singapore/Vietnam/Korea/People's Republic of China/Republic of China. No representations are made with respect to the eligibility of any recipients of this document to acquire interests in
securities under the laws of Hong Kong/Singapore/Vietnam/Korea/People's Republic of China/Republic of China. For Hong Kong: This document and its contents have not been reviewed by any
regulatory authority in Hong Kong. No person may issue any invitation, advertisement or other document relating to the Interests whether in Hong Kong or elsewhere, which is directed at, or the
contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to the Interests which are
or are intended to be disposed of only to persons outside Hong Kong or only to "professional investors" within the meaning of the Securities and Futures Ordinance (Cap. 571) and any rules made
thereunder. The use of simulated past performance is not permitted in this jurisdiction. For Singapore: This document shall be construed as part of an information memorandum for the
purposes of Section 305(5) of the Securities and Futures Act (Cap. 289) of Singapore ("SFA"). Accordingly, this document must not be relied upon or construed on its own without reference to the
information memorandum. This document is not a prospectus as defined in the SFA and, accordingly, statutory liability under the SFA in relation to the content of prospectuses does not apply, and
the offeree should consider carefully whether the investment is suitable for him. Any fund referenced herein is not authorised or recognised by the Monetary Authority of Singapore and the securities
of this fund are not allowed to be offered to the retail public. For Restricted Schemes: This document may not be circulated or distributed, nor may the securities of the fund referenced herein be
offered or sold, whether directly or indirectly, to any person in Singapore other than (i) an institutional investor pursuant to Section 304 of the SFA, (ii) a relevant person pursuant to Section 305(1) of
the SFA, (iii) a person acquiring the securities as principal and on such terms as set out in Section 305(2) of the SFA, or (iv) otherwise pursuant to, and in accordance with the conditions of, any other
applicable provision of the SFA. For Unrestricted Schemes: This document may not be circulated or distributed, nor may the securities of the fund referenced herein be offered or sold, whether
directly or indirectly, to any person in Singapore other than an institutional investor pursuant to Section 304 of the SFA.For Vietnam: This document does not contemplate an offer to sell the
securities in Vietnam and has not been approved by the State Securities Commission of Vietnam which takes no responsibility for its contents. No offer to purchase the securities will be made in
Vietnam and this document is intended to be read by the addressees only. Investors should themselves carefully balance the risks and the level of those risks before they make any decision to invest in
the securities. Investors are responsible for obtaining all approvals required by the laws of Vietnam. For Korea: The securities may not be offered, sold and delivered directly or indirectly, or offered or
sold to any person for re-offering or resale, directly or indirectly, in Korea or to any resident of Korea except pursuant to the applicable laws and regulations of Korea, including the Capital Market and
Financial Investment Business Act and the Foreign Exchange Transaction Law of Korea, the presidential decrees and regulations thereunder and any other applicable laws, regulations or rules of
Korea. UBS Global Asset Management has not been registered with the Financial Services Commission of Korea (FSC) for a public offering in Korea nor has it been registered with the FSC for
distribution to non-qualified investors in Korea. For People's Republic of China: The securities may not be offered or sold directly or indirectly in the People's Republic of China (the "PRC"). Neither
this document or information contained or incorporated by reference herein relating to the securities, which have not been and will not be submitted to or approved/verified by or registered with the
China Securities Regulatory Commission ("CSRC") or other relevant governmental authorities in the PRC pursuant to relevant laws and regulations, may be supplied to the public in the PRC or used in
connection with any offer for the subscription or sale of the Securities in the PRC. The Securities may only be offered or sold to the PRC investors that are authorised to engage in the purchase of
Securities of the type being offered or sold. PRC investors are responsible for obtaining all relevant government regulatory approvals/licenses, verification and/or registrations themselves, including, but
not limited to, any which may be required from the CSRC, the State Administration of Foreign Exchange and/or the China Banking Regulatory Commission, and complying with all relevant PRC
regulations, including, but not limited to, all relevant foreign exchange regulations and/or foreign investment regulations. For Australia: This document is issued in Australia by UBS Alternative and
Quantitative Investments LLC, which is: a) exempt from the requirement to hold an Australian financial services license under the Corporations Act 2001 in respect of these financial services; b)
regulated by the US SEC under US laws, which differ from Australian laws; and c) any offer or other documentation provided in the course of providing the financial services will be prepared in
accordance with US regulatory requirements (and not Australian laws).
NOT FOR PUBLIC USE. NOT TO BE MAILED, SHOWN OR QUOTED TO ANY THIRD PARTY. For Canada: Services to Canadian persons for any strategy herein are provided by UBS Global Asset
Management (Canada) Inc. UBS Global Asset Management (Canada) Inc., a Nova Scotia corporation, is a member of the UBS Global Asset Management business division of UBS AG, a publicly traded
Swiss bank (NYSE: UBS). UBS Global Asset Management (Canada) Inc. is a wholly-owned subsidiary of UBS AG and is registered as portfolio manager and exempt market dealer (in all provinces of
Canada), commodity trading manager (Ontario), investment fund manager (Ontario, Quebec and Newfoundland) and adviser Commodity Futures (Manitoba), all pursuant to Canadian securities
law.
Copyright UBS 2015. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved.
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Whatever
it takes,
year after
year.
Theres a feeling you get working with a team of dedicated
people who provide exactly what you need, day after day.
They know your fund intimately from years of partnership.
They address your every question, request or issue with a
sense of urgency and can easily customize processes and
deliverables to meet your evolving requirements.
All are reasons why our Clients have had productive,
satisfying relationships with the same Swiss Financial Services
www.swiss-financial.com
Ireland
Singapore
Switzerland
USA
Adrian Maher
+ 353 51 351180
amaher@swiss-financial.ie
Christine Lau
+ 65 6513 3250
clau@swiss-financial.sg
Karl Gysin
+41 44 267 7400
kgysin_jr@swiss-financial.ch
Lynette Wheeler
+ 1 630 355 2100
lwheeler@swiss-financial.com
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SERVICE PROVIDERS
Key facts
USD 9 bn
11
Hedge funds
Private debt
Private equity
Real estate
Emerging markets
Currencies
Insurance-linked
Specialty overlay
Responsible investments
Type of vehicles
1.
2.
3.
4.
5.
6.
7.
8.
from
other
Partnership principles
Selected endorsements
[I]mpressive to be able to work with a board member whose grasp of valuation issues and fixed income
markets were both wide and steeped in practitioner knowledge.: Senior risk manager, London
[V]ery, very competent and extremely committed... He assumes responsibility and contributes very
positively to the development of the company.: Alternative fund manager, Dublin
[E]ngaging, asks relevant questions and exhibits great expertise in his field. His involvement has clearly
benefited the board, the fund and our investors.: Hedge fund manager, Luxembourg
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Investment
& Risk
Advisory
Investment
Solutions
& Business
Advisory
2
Governance
Services
4
Economic
Advisory
Camdor Global provides investors, asset managers and policymakers with quality independent research
and impartial strategic advice. We have a global network of senior advisors and consultants with
distinguished careers in the financial services, corporate and policy arenas. Our clients include leading
alternatives firms, financial institutions and state entities.
Our core services are:
Investment & Risk Advisory: Bespoke advice around investment strategy, asset allocation, alternatives,
risk management and regulation.
Governance Services: Impartial and independent non-executives with investment or risk expertise.
Investment Solutions & Business Advisory: Advice on product development, investment solutions,
specific sectors (e.g. insurance), ALM and regulation.
Economic Advisory: Independent commentary and research services.
E: info@camdorglobal.com
W: www.camdorglobal.com
T: +44 (0) 203 700 7150
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