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Lombard Odier Investment Managers expands alternatives capability with Volantis team

2 November 2016

Lombard Odier Investment Managers announces that the Volantis investment management team is to join the firm from AlphaGen Capital. The team manages more than $1 billion in assets in UK equity long / short and long only strategies.

The eight person team will join Lombard Odier IM’s existing 1798 hedge fund strategies platform. They will be based in London, manage a niche strategy focused on UK small-caps and will benefit from full access to the firm’s asset management platform, which includes investment strategists, operations, distribution, risk management, compliance and legal capabilities.

The teams’ transfer to Lombard Odier IM will be implemented under a facilitation agreement and is subject to conditions including fund board approvals, applicable regulatory consents and requisite investor votes. Completion is expected in the first quarter of 2017, at which point Lombard Odier IM will become the manager of the alternative funds and sub-manager of the long-only fund currently managed by the Volantis investment management team.

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. The team comes to us with a proven investment process, strong track record and extensive network which will underpin growth in existing client relationships and access to new clients. That Lombard Odier IM can attract a team of this calibre is a testament to the strength of our platform, our brand and our standing in alternatives.”

Adam McConkey, Head of the Volantis team and Director of UK Smaller Companies, comments, “Our team is very excited to become part of Lombard Odier IM. We feel the organisation, investment approach and environment will be a great fit for our team and our clients and look forward to working with Lombard Odier IM to build on the exciting opportunities ahead.”

Paul Graham, CEO of AlphaGen Capital said, “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.”

Notes to Editors:

It is not intended that there be any change to the team that is involved in the day-to-day portfolio management of the Fund. The key individuals are expected to transfer to Lombard Odier Asset Management (Europe) Limited, the participating affiliate entity which Lombard Odier Asset Management (USA) Corp intends to utilise in providing day-to-day portfolio management.

About Lombard Odier:

Lombard Odier is a leading global wealth and asset manager focused on providing solutions to private and institutional clients.

For 220 years, the firm has been solely dedicated to serving clients and forged a strong tradition of innovation in the way it advises clients, manages investment strategies and develops new technologies.

With 223 billion Swiss francs of total client assets, per end-June 2016, Lombard Odier provides 360 degree wealth management services including among others succession planning, discretionary and advisory portfolio management and custody services.

Lombard Odier Investment Managers (LOIM), the Group’s asset management unit, offers its clients a range of innovative solutions including risk-based asset allocation, thematic equity investments, convertible bonds as well as alternative strategies.

One of the world’s best-capitalised banks, with a highly liquid balance sheet, Lombard Odier has grown stronger through more than 40 financial crises and stayed true to its primary vocation of preserving and growing clients’ wealth.

As an independent business wholly owned by its Partners, stability is the watchword. The Partners are able to maintain a long-term vision and to develop mutual trust with their clients.

Lombard Odier Group employs about 2,250 people. Headquartered in Geneva since 1796, the Group has 26 offices in 19 jurisdictions including London, Paris, Zurich, Moscow, Dubai, Hong Kong, Singapore and Tokyo.

About Henderson Global Investors and AlphaGen Capital:

AlphaGen Capital is wholly-owned by Henderson Group plc. Henderson is a global asset manager with a strong reputation dating back to 1934. Henderson manages £100.9 billion (as at 30 September 2016) of assets on behalf of clients in the UK, Europe, Asia-Pacific and North America and employs approximately 1000 staff members worldwide.

Clients include individuals, private banks, third-party distributors, insurance companies, pension funds, government bodies and corporate entities. As a pure investment manager Henderson offers investments across equities, fixed income and multi-assets as well as alternative products, such as hedge funds.

AlphaGen Capital is a global asset management firm specializing in alternative investment strategies that has been operating since 1999.

AlphaGen Capital offers a range of alternative strategies and differentiated sources of alpha for clients with the aim of producing strong risk adjusted returns. Core investment capabilities include public equities (long/short and long biased), risk premia and commodities strategies spanning developed and emerging markets.

AlphaGen Capital is headquartered in London.

The ownership structure provides AlphaGen with unparalleled corporate access, independent risk management and first class corporate governance. Henderson manages almost $15 billion in Alternatives.

AlphaGen Capital is registered with the SEC, CFTC and the FCA and manages money for many of the world's most sophisticated institutional investors.

 

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