Fitch Upgrades Lombard Odier IM’s Asset Manager Rating to ‘M2-

Fitch Ratings has upgraded Lombard Odier Investment Managers’ (LOIM) Asset Manager rating to ‘M2-‘ from ‘M3’ for its fund of hedge funds (FoHF) and alternative beta replication activities.

Fitch said the upgrade comes after LOIM completed its FoHF restructuring around a managed account platform (MAP), stabilised its investment teams, resolved legacy issues stemming from the 2008 crisis, and re-engineered its portfolio construction process.

“In the medium term, a key challenge for LOIM will be to expand the MAP and accelerate fund raising to reach critical mass,” Fitch said.

“Another related challenge is to developed services in the areas of advisory, customisation and communication.”

The manager’s ‘M2-‘ rating is based on the following category scores:

Company and Staffing3.00 (from 3.50)
Hedge Fund/Manager Selection2.25
Portfolio and Risk Management2.50 (from 3.00)
Investment Administration3.00
Scale from 1 to 5, with 1 as the highest possible score 


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