LOIM eyes alternative capability expansion
The Volantis investment management team is set to join Lombard Odier Investment Managers’ (LOIM) hedge fund strategies platform from AlphaGen Capital, LOIM confirmed today.
The eight person strong team currently manages more than $1bn (€0.9bn) of assets for its UK equity long / short and long only strategies. The transfer is still subject to approval by the fund board, requisite investor votes and the local regulator, LOIM aims to complete the deal throughout the first quarter of 2017.
Jean-Pascal Porcherot, head of 1798 hedge fund strategies, at Lombard Odier IM, comments: “Attracting this team to Lombard Odier represents an important milestone in broadening our alternatives and uncorrelated solutions platform by establishing complementary capabilities in the UK equity long / short space.”
Paul Graham, CEO of AlphaGen Capital adds, “As our business model is increasingly focused on more liquid and scalable strategies, we agreed with Volantis that moving to Lombard Odier IM would be in the best interest of investors.
“The team will continue to manage their funds in the same manner and style that has brought them great success since inception over 10 years ago. We retain a good working relationship with the team, not least as they will continue to manage our long-only fund on a delegated basis, and wish them all the best.”