Effective immediately, the triple appointment sees the addition of three portfolio managers to the LOIM roster – Vilas Gadkari, Giuseppe Sette and Jan Szilagyi.
With a view to capitalising on the challenges faced by investors in the current macroeconomic client, the recruitments follow the launch of global macro strategy.
Active from 1 October, the £98.7m UCITS vehicle will span the asset class and regional spectrums to generate 10% returns, allowing for 8-10% volatility net of fees on annual basis.
The Luxembourg-domicile will sit alongside the LO Funds Fundamental Equity Long/Short and Alternative Risk Premia mandates as part of LOIM’s alternative UCITS range.
Having co-founded the Rubicon Fund in 1999, Gadkari brings 25 years’ industry experience to the firm, garnered during senior PM roles with Brevan Howard Asset Management and Salomon Brothers Asset Management.
Sette founded Endowment Advisors in 2012, and also held PM berths with Brevan Howard and Davidson Kempner, while Szilagyi was formerly a global macro-focused PM with Fortress Investment Group and Duquesne Capital.
“The calibre of the team offers investors a fresh look at the challenges investors face in the global macro environment,” said Jean-Pascal Porcherot, head of 1798 Hedge Fund Strategies.
“It was clear from the outset that we shared a similar DNA seeking robust returns and managing the downside risk. 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.”
The announcement comes just more than a month after LOIM expanded its emerging market capability with the unveiling of a sovereign debt vehicle.
