News and Press Releases

8 October 2013

Launch of Trium Manager Alliance (TMA)

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8 October 2013

 

Launch of 'Trium Manager Alliance" (TMA) boosts the fight back of early stage hedge fund managers

Summary

- TMA is an alliance for early stage hedge fund managers that are hosted and sit on Trium’s trading floor, with centrally coordinated control functions, risk management and distribution.

- More regulation and increased standards required by institutional investors has meant that managers with assets under management of less than $200m struggle to meet these standards, as the associated costs are too high for these managers.

- Our managers benefit from significant economies of scale, high-end infrastructure, highly qualified and experienced management and coordinated distribution support.

- Our investors get exposure to early stage managers – a category generally accepted to offer very attractive performance characteristics - without the associated business or infrastructure risk.

- Over the past 5 years, investors have been demanding ever more institutional set-ups before they will invest in a hedge fund, and this has led to higher and higher allocations to the large hedge fund groups. Yet smaller managers can deliver more effectively on their strategies, as they are not forced into diversified multi-strategy models because of their size.

Full text

In response to the need for a solution for early stage hedge fund managers to regain market share lost in recent years to the hedge fund giants, London based Trium Capital, is pleased to announce the launch of the Trium Manager Alliance (“TMA”), an innovative alliance of early stage hedge fund managers.

TMA provides a solution both to managers needing a quality operational and distribution partner and to investors seeking emerging hedge fund talent with an experienced team providing operational support and risk oversight.

The alliance has been formed as a response to the increasing numbers of prospective hedge fund managers who are seeking to launch a hedge fund or are in the early stages of managing a fund, but for whom the operational and regulatory hurdles are too high in the early growth phase of their business. The alliance aims to stay relevant to managers throughout their growth cycle as the regulatory, due diligence and distribution landscape continues to shift.

Gareth James, CEO of Trium Capital, said  -

“Investors need to be able to get exposure to the higher performing, more focused and less correlated early stage hedge fund managers without also taking the high business risk that this collective group present. TMA is designed to do this, we are facilitating the resurgence of early stage hedge fund managers.”

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8 October 2013

QLO Capital join the Trium Multi-Manager Alliance

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8 October 2013

 

QLO Capital join the Trium Multi-Manager Alliance (TMA)…

 

Trium Capital are delighted to welcome QLO Capital onto their multi-manager platform. The platform, Trium Multi-manager Alliance ("TMA"), launched late last year, is an innovative alliance of quantitative and systematic style early stage hedge fund managers. Managers that join TMA will be entering into an alliance with a range of like-minded outstanding hedge fund managers, sharing offices and central control function resources with each other, thus benefiting from significant economies of scale. TMA is structured so that early-stage managers meet the operational due diligence requirements required by institutional investors on day one. 

QLO Capital is a global macro investment strategy that uses a systematic multi-strategy approach to investments, trading liquid futures across commodities, equities, fixed income and currencies. At its core are 13 quantitative strategies across both momentum and mean reversion. However a discretionary overlay is a core part of the value proposition.

QLO Capital has a positive live track record over the past 8 years, recently managing USD 450m for ATP in Denmark. The strategy was initiated by Lars Wind whilst working for ADIA, and Lars was joined by Betina Wolf-Andersen in 2008.

Gareth James, CEO of Trium Capital, said –

"We are delighted to welcome QLO Capital to our the TMA platform. Lars and Betina have a proven track record, and the discretionary overlay adds real appeal to investors."

Lars Wind, Chief Investment Officer of QLO Capital, said –

"This is a significant and strategic move for QLO. We had considered a number of options but found the value proposition offered by Gareth and his team compelling and by far the best solution.

Trium gives us the robust infrastructure and operational expertise that allows QLO Capital to focus on investment growth and performance. This structure brings together leading specialists that can fully exploit the growth prospects of the alliance."

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7 October 2013

Ganymede, Aldersgate and LAT merge to create Trium

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7 October 2013

 

Ganymede, Aldersgate and the London Academy of Trading merge to create Trium Capital

Ganymede Partners, Aldersgate Investment Managers and London Academy of Trading have agreed to merge their businesses, subject to regulory approval.

The new business, and the Ganymede businesses, will be called Trium Capital, and will be headed by Gareth James, the former CEO of Ganymede. Aldersgate and The London Academy of Trading will keep there sub-brands, but be fullyintegrated into the Trium Capital group.

Ganymede is a regulated asset management business, whose core business is hosting an alliance of hedge fund managers.

Aldersgate is an investment business, hosting investment professionals to trade hedge fund like strategies under a common balance sheet, and can act as incubator for people to build a hedge fund track record before going out to investors.

The London Academy of Trading is a pioneering in education business offering comprehensive fully accredited courses in finance and trading.

Gareth James, CEO of Trium Capital, says:

"Bringing these businesses together brings huge synergies and opportunities. As well as the common needs for institutional infrastructure and trading floor, we can now work at an early stage with the next generation of hedge fund talent and when they are ready, launch them in a fully institutional set up. Also, the Academy offers real relevance to our hedge fund and investor clients, and we look forward to working to grow this opportunity."

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23 September 2013

Future Value Capital launches a UCITS IV fund

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23 September 2013

 

Future Value Capital, specialising in Alternative Risk Premia, launches an Irish UCITS IV Fund with $20m…

 

Future Value Capital, a member of the Ganymede Multi-Manager Alliance, are pleased to announce the launch of their first fund, an Irish UCITS IV fund, with $20m of initial assets.

Roman Lutz, head of Future Value Capital, said –

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23 April 2013

Future Value Capital becomes second member of GMA

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23 April 2013

 

Future Value Capital, specialising in Alternative Risk Premia, becomes the second member of the Ganymede Multi-Manager Alliance…

 

Ganymede Partners are delighted to welcome Future Value Capital as the second manager on their multi-manager platform. The platform, Ganymede Multi-manager Alliance ("GMA"), launched late last year, is an innovative alliance of quantitative and systematic style early stage hedge fund managers. Managers that join GMA will be entering into an alliance with a range of like-minded outstanding hedge fund managers, sharing offices and central control function resources with each other, thus benefiting from significant economies of scale. GMA is structured so that early-stage managers meet the operational due diligence requirements required by institutional investors on day one. 

Alternative risk premia and market inefficiencies are an attractive alternative to alpha, offering a new way of extracting systematic sources of return which are uncorrelated to traditional asset classes. Their availability in large numbers and the low correlations among their returns make them a powerful investment tool. Furthermore, they can often be found in very liquid markets and offer large capacities.

FVC has so far developed ten strategies based on some of the best-researched alternative risk premia and market inefficiencies. These strategies combined in a portfolio have offered over the last twelve years more attractive risk adjusted returns than a broad hedge fund investment. Correlations of the strategy returns have been low or even negative with those of most traditional asset classes and stayed low during both the dot-com and the financial crisis, delivering positive returns during these market corrections.

Gareth James, Founder of Ganymede Partners, said –

"We are delighted to welcome Future Value Capital to our the GMA platform. Alternative Risk Premia is an investment type gaining significant momentum at the moment, and to have such a high quality offering, with a very attractive 2 year track record, is a big boost for GMA."

Roman Lutz, head of Future Value Capital, said –

"This strategic relationship is an important step for FVC. It allows us to offer operational excellence to our investors and at same time gives us time to focus all our energies on generating high quality returns. What convinced us about GMA are their high quality and experienced professional team, their infrastructure and the excellent technology they use to support us."

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6 January 2013

Alacrity FX voted best UK Trading Program

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6 January 2013

 

Alacrity FX voted best UK Electronic Trading Program by Aquisition International Magazine and Prequin…

 

Ganymede is pleased to announce that its Alacrity FX trading strategy has been voted the UK Electronic Trading Program of the Year by Acquisition International Magazine and Preqin, a leading source of data and intelligence for the alternative asset industry. 

Awards are based on votes from Preqin, Acquisition International Magazine subscribers and the global hedge fund and private equity community.

Gareth James, Founder of Ganymede Partners, said –

"We are pleased to be acknowledged through this prestigious award. Alacrity FX is a genuinely innovative approach that structurally will always be uncorrelated to other systematic strategies, and now with two years of real track record has proven robust in the real world. It is an exciting area of research and one with great potential to expand to other asset classes."

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15 December 2012

Alacrity FX becomes first member of GMA

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15 December 2012

 

Alacrity FX becomes the first member of the Ganymede Multi-Manager Alliance…

 

Ganymede Partners are delighted to welcome Alacrity FX as the first manager on their multi-manager platform. The platform, Ganymede Multi-manager Alliance ("GMA"), launched earlier this month, is an innovative alliance of quantitative and systematic style early stage hedge fund managers. Managers that join GMA will be entering into an alliance with a range of like-minded outstanding hedge fund managers, sharing offices and central control function resources with each other, thus benefiting from significant economies of scale. GMA is structured so that early-stage managers meet the operational due diligence requirements required by institutional investors on day one. 

Alacrity FX is a systematic, short term trading program which invests continuously in the five most liquid currencies. The program trades 24 hours per day, 5 days a week and is monitored at all times within a rigorous risk management framework. The investment objective is to generate consistent risk adjusted returns in all market regimes using an advanced propriety system. Alacrity FX was founded in Q4 2011 by David Hitchins and Stephane Coquillaud, who first developed the idea on a proprietary trading desk in January 2011. It was made available to external investors in March this year.

Gareth James, Founder of Ganymede Partners, said –

"We are delighted to have Alacrity FX join the GMA platform. They bring a unique strategy to their investors and have all the key ingredients to continue their recent success and grow to be a significant market player.  GMA was designed to attract highly compelling strategies built by outstanding individuals, with Alacrity FX GMA is off to a good start."

David Hitchins, co-Founder of Alacrity FX, said –

"GMA provides us with the perfect infrastructure and distribution network to allow us to institutionalise our offering. This is a fantastic opportunity for Alacrity FX and we are delighted to be working with the highly experienced and professional team at Ganymede."

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5 December 2012

Gino Landuyt joins Ganymede

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5 December 2012

 

Gino Landuyt joins Ganymede to coordinate the launch of a specialist fund investing in US Peer-to-peer consumer loans…

 

Ganymede is pleased to announce that Gino Landuyt has joined as a Partner of the Firm.

Prior to joining Ganymede, Mr Landuyt worked with the alternative asset boutique, Luxembourg Financial Group, where he focussed on the selection and screening of talented hedge fund managers. He also held senior investment banking positions at EAB, ING and KBC, working in London, Frankfurt and New York. Mr Landuyt brings with him a wealth of knowledge, specifically in fixed income, consumer loans, structured credit, convertible bond arbitrage, alternative investments and derivative structuring.

Gino is also the co-author of “Capital Market Instruments: Analysis and Valuation (Dec 2009, 3rd Edition)” and “The Future of Finance: A new model for Banking and Investment. Wiley, Nov 2010”. 

Gareth James, Founder of Ganymede Partners said –

“We are delighted to have Gino join us, he brings a wealth of experience and the necessary skills to help build a range of specialist investment funds that will compliment the innovative suite of funds and investment products that Ganymede offers its clients"

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1 November 2012

Victoria Huerta and Frank Pauls join Ganymede

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1 November 2012

 

Victoria Huerta and Frank Pauls join Ganymede to spearhead distribution efforts in Latin America and Southern Europe...

 

Ganymede is pleased to announce that Victoria Huerta and Frank Pauls have joined as Partners of the Firm. In their new roles, Mrs Huerta and Mr Pauls will oversee all sales and marketing efforts in Southern Europe, Latin America and US Offshore.

Mrs Huerta joins from Gartmore Investment Management where she had worked for nearly 10 years. There she was responsible for Business Development and Distribution for Gartmore’s full range of products (mutual funds, hedge funds and private equity) in Southern Europe and Latin America.

Mr Pauls joins from UBS AG London where he had been responsible for Alternative Fund Distribution into Southern Europe, German Speaking Europe and Latin America. Prior to this Mr Pauls spent four years with Man Investments in London in a similar role.

Gareth James, Founder of Ganymede Partners said –

“We are delighted to have Victoria and Frank join the Ganymede team. Victoria and Frank are outstanding individuals with an immense network and presence in Latin America, and we are excited to be able to work with them in delivering solutions to this fast growing region. We are confident that, with our infrastructure now in place and a growing range of internal and third party investment products, we will win business from even the most demanding of institutional investors”

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14 April 2011

UBS Investment Bank acquires the Liquid Alpha UCITS Platform

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14 April 2011

 

UBS Investment Bank announced that it is to acquire Luxembourg Financial Group (LFG), and with it, the Liquid Alpha UCITS Platform (LAUP) that Ganymede had created as a joint venture with LFG…

 

UBS Investment Bank announced that it is to acquire Luxembourg Financial Group (LFG), and with it, the Liquid Alpha UCITS Platform (LAUP) that Ganymede created and managed as a joint venture with LFG. LAUP has grown to be the leading independent alternative UCITS platform, hosting a diverse group of managers such as Act II, Sabre and RAB Capital, and is one of the cornerstones of LFG's operations.

The purchase of LAUP gives UBS Investment Bank a ready-made leading UCITS platform, with a number of top hedge fund managers already trading, at a time when other investment banks such as Merrill Lynch and Deutsche Bank are making significant inroads into this fast moving space. With UBS's distribution capabilities, coupled with the knowhow, experience and infrastructure of LAUP, a winning combination is sure to result.

Commenting on the acquisition, Gareth James said -

"UBS's investment is a wholehearted endorsement of all the hard work that Ganymede has put into with LFG to create and build out LAUP. The experience it has brought to Ganymede means that Ganymede can now offer unparalleled unbiased advice to managers looking at creating a UCITS or other European regulated fund wraps such as a SIF or QIF."

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1 December 2009

Luxembourg Financial Group & Ganymede Partners launch their UCITS III Platform to Hedge Fund Managers

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1 December 2009

 

In response to the continued growth in market demand for UCITS III hedge funds and UCITS III fund of hedge funds, Luxembourg Financial Group (LFG) and Ganymede are pleased to announce that their...

 

Summary

UCITS hedge funds address the traditional concerns related to the off-shore hedge fund industry, by ensuring stricter investment diversification, more rigorous risk management, better transparency, improved liquidity and superior controls.

"Luxembourg Alternatives UCITS Platform" or "LAUP" provides hedge fund managers with an independent and open-architecture UCITS platform.

Luxembourg is ideally positioned to become Europe's leading hedge fund UCITS hub, already dominating the long-only UCITS funds space.

The adoption of UCITS III funds represents the hedge fund industry's pre-emption of the European Union's Directive on Alternative Investment Fund Managers.

Full text

In response to the continued growth in market demand for UCITS III hedge funds and funds of hedge funds, Luxembourg Financial Group (LFG) and Ganymede Partners (Ganymede) are pleased to announce the launch of the "Luxembourg Alternatives UCITS Platform" or "LAUP". LAUP is a one-stop independent and open-architecture platform for hedge fund managers to set up a UCITS III hedge fund or fund of hedge funds.

Hedge Funds established as UCITS III offer protection for investors through a regulated framework which ensures the safe-keeping of assets, risk control, transparency, diversification and liquidity not typically associated with alternative investments vehicles.

More than half of European hedge fund companies either plan to launch regulated, onshore versions of their strategies or have already done so, according to HedgeFund Intelligence, a research group. The adoption of UCITS III funds represents the hedge fund industry's pre-emption of the European Union's Directive on Alternative Investment Fund Managers.

Luxembourg is the largest fund centre outside of the United States and almost 70% of UCITS III funds which are authorized for cross-border distribution in the European Union are domiciled in Luxembourg.

LFG currently manages a large range of Luxembourg-domiciled vehicles, including UCITS III funds, and will now open up their platform to hedge fund groups seeking to establish UCITS III hedge funds, effectively providing a turn-key solution to the creation of a UCIT III hedge fund or UCITS III fund of hedge funds. Only the largest hedge fund groups will be able to justify the time and costs to gain their own UCITS III management licences which is why most turn to platform providers as a much quicker, cheaper and more effective option.

LAUP also brings together a number of specialists in the hedge fund industry. Johan Groothaert, CEO of LFG, and Gareth James, founder of Ganymede, together pioneered at Deutsche Bank the certificate re-wrap solution to make hedge funds accessible to German investors and launched one of the first managed account platforms.

"The UCITS III framework" says Gareth James, founder of Ganymede, "is very attractive for those managers seeking to target private clients across Europe, but it also acts as a stamp of approval for institutional investors looking for regulatory certainty of custody, liquidity and transparency. For investors with the resources to carry out their own operational due diligence, and the investment size to dictate their own terms, there may be a more appropriate unregulated vehicles - however for the majority of hedge fund investors, UCITS III offers this framework of certainty and, after Madoff and other losses last year, it is no coincidence that more and more investors are turning to UCITS III for their hedge funds this year."

"There has rarely been an equally good time to invest in hedge funds" adds Johan Groothaert, CEO of LFG. "The dislocation caused by the financial crisis provides ample of alpha generating opportunities for hedge funds and therefore we expect hedge funds to outperform high yield and equities in the short to medium term. Whilst it is clear hedge funds have not caused the financial crisis, the concerns of investors, politicians and regulators in respect of the off-shore alternatives industry are not untoward. UCITS hedge funds address these concerns and therefore make it easier for the hedge fund industry to attract new capital flows, which is very necessary for the financial markets to balance out some of the dislocations which currently harm the overall economy."

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16 November 2009

Ganymede Partners advises on $750m of ex-Lehman hedge fund claims

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16 November 2009

 

Ganymede has recently won mandates from clients representing over $750m of assets. The mandates all relate to helping clients get their money out of various structured product vehicles left behind following the bankruptcy...

 

Ganymede Partners has recently won mandates from clients representing over $750m of assets. The mandates all relate to helping clients get their money out of various structured product vehicles left behind following the bankruptcy of Lehman Brothers last year, and to valuing their claims against Lehman. In several cases, these mandates came directly from investors, but a notable number were referred by the investment banks which remain active in fund derivatives.

According to Gareth James, founder of Ganymede -

"The Lehman structures were typically capital protected investments, offering exposure to portfolios of hedge funds. The hedge fund portfolios were held in orphaned offshore companies, which meant that although investors lost some value attributable to the defaulted capital protection, the majority of their investment was secure and not subject to Lehman Brothers credit risk. However, although the assets were safe, getting them out of essentially paralysed vehicles has proved a challenge. Our unique understanding of the structures, plus combined commercial, legal and industry knowledge has meant we have been able to step in and provide a range of creative services and solutions.

"It is somewhat ironic that Ganymede was set up to assist investors with their new investments, yet it has been busiest recently in helping investors to exit such structures. Equally, it has been a unique opportunity to learn how such structures could be designed in future to better protect investors should the sponsoring bank go bankrupt. Capital protection still remains a necessary and important safeguard for many hedge fund investors, and such improvements in product design will only help future investors."

Following the market events of 2008, culminating in the collapse of Lehman, investors now recognise the value in an independent advisory boutique, such as Ganymede, getting involved on transactions where the investor would previously have dealt directly with what were then the many investment banks operating in fund linked structured products. With very few investment banks now remaining in this business, and those that do remain varying immensely in the types of products they can offer, Ganymede has a niche that is right for the current environment, and uses its extensive knowledge of the various structured products desks' capabilities and risk appetites to assemble products for their clients from a variety of sources.

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