For many hedge fund firms, the past few years have been a
period of consolidation – and, in many cases,
downsizing or even obliteration. Faced with mass redemptions in
their existing strategies, several have had to shelve or
abandon earlier plans to expand their range of funds.
David Hoey and Dominique Ceolin
For ABC Arbitrage, the Paris-based systematic event-driven firm
led by Dominique Ceolin and David Hoey, the experience has been
markedly different. In part this is because, despite running
investment strategies successfully for more than a decade, the
firm only began running money for outside investors around the
time that the financial crisis hit.
Despite such treacherous conditions, the firm’s
move from proprietary trading into fund management has paid off
– rewarding its clients with stable returns. And, with
the worst seemingly behind us, the firm is now wholeheartedly
in growth mode.
ABC has a 15-year history as a...