Lombard Odier Investment Managers (LOIM) has expanded its 1798 alternatives platform and appointed Alexis Maubourguet as manager of its new uncorrelated absolute return strategy for institutional clients.
The new strategy is called 1798 ADAPT, which stands for Acyclical Diversifying Alpha via Parameters Trading. The aim of the strategy is to benefit from structural and random distortions of the derivative parameters (volatility, correlation, dividends, etc.) across the various asset classes (stocks, foreign exchange and commodities). The strategy should be launched in early 2020.
Maubourguet joins from Argentière Capital, where he set up and managed the Relative Value Opportunities Fund as a volatility portfolio manager. Before that, he was portfolio manager of the Global Emerging Markets and Macro Fund at BTG Pactual. He was also a derivatives dealer on the sales side for JPMorgan and Deutsche Bank in New York and London. Maubourguet is based in Geneva and reports to Jean-Pascal Porcherot, CEO of the LOIM 1798 alternatives platform.