ABC Arbitrage builds fund range based on prop trading success

Fri Nov 26, 2010

The Paris-based systematic arbitrage firm has big plans to make its broad range of internal investment strategies available to outside investors, continuing its successful expansion so far from its roots in proprietary trading into fund management

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...

ISSN: 2151-1845 / CDC10004H

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates

Popular Searches on HFI