Devet Capital Investments, a systematic alternative investment manager that recently obtained a licence from the US National Futures Association, is to start testing two managers who will trade allocated proprietary capital before being considered for inclusion in client portfolios.
The tests are being conducted under Devet’s Capturing Talent Alpha, or C.T.A Programme. It is intended to test outcomes based on parameters including risk management, volatility, measures of correlation to the manager’s current investment strategies, and performance.
The first manager signed to the C.T.A. Program is focused on agricultural futures – grains and softs – and has experience as a senior trader for banks and commodity trading houses.
The second manager has experience working as a quantitative trader for banks and proprietary trading firms across multiple asset classes, particularly in statistical and volatility arbitrage.
The C.T.A Programme is intended to identify a suite of investment strategies and products that can be used as part of Devet’s overall proposition to investors.
Devet Capital was founded by Irene Perdomo, formerly of Noble Resources Singapore and Barclays London, and Leonardo Marroni, formerly of GLG Partners and Barclays London. Their market neutral systematic strategy for investing in liquid commodity futures and forwards has raised some $27m since opening to external investors in September 2015. Total assets under management are some $35m. (See http://www.investmenteurope.net/regions/north-america/devet-capital-investments-gets-us-marketing-licence/ for further details)