Lombard Odier Investment Managers (Lombard Odier IM) has expanded its alternative investment capabilities by hiring a new global macro team.
The team, which will be part of Lombard Odier IM’s Absolute Return investment pillar, includes Vilas Gadkari, Giuseppe Sette and Jan Szilagyi.
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Gadkari, who has 25 years of experience in asset management, previously held senior portfolio management roles at Brevan Howard Asset Management and Salomon Brothers Asset Management.
Sette joined Lombard Odier from Endowment Advisors, which he founded in 2012. Prior to that, he worked as a portfolio manager at Brevan Howard and Davidson Kempner.
Szilagyi, who has over 15 years of experience in global macro strategies, previously worked as global macro portfolio manager at Fortress Investment Group and Duquesne Capital.
On 1 October 2015, Lombard Odier IM rolled out a new Luxembourg-domiciled $150m UCITS compliant Global Macro strategy, which will be led by a newly formed team.
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By GlobalDataThe fund will target returns of 10% with volatility of 8%-10% on a yearly basis.
The firm said that the team’s portfolio construction depends on a proprietary research platform as the team seek to implement a transparent and repeatable process.
The fund will be registered for sale across Europe over the next weeks and will boost LOIM’s alternative Ucits range that includes a US focused equity long/short strategy, LO Funds-Fundamental Equity Long / Short and a systematic offering strategy LO Funds-Alternative Risk Premia.
Lombard Odier IM head of 1798 hedge fund strategies Jean-Pascal Porcherot said: "The calibre of the team offers investors a fresh look at the challenges investors face in the global macro environment.
"We believe the team’s strong research platform and focus on portfolio construction stands out in the market and can provide investors with insight into another level of global macro investing."
