Paris-based systematic arbitrage firm ABC Arbitrage is making substantial headway with its plan for a broad range of single-strategy offerings carved out from its own proprietary trading business.
The firm, which manages around $350 million in total, has just rolled out two new single-strategy funds and is preparing to launch a multi-strategy vehicle that will allocate across the expanding single-strategy platform.
Led by Dominique Ceolin and David Hoey, the firm has already been running two single-strategy funds successfully for some time now: the M&A-focused ABCA Opportunities Fund and the statistical arbitrage ABCA Reversion strategy.
The two new fund additions, which both launched on 1 July, are ABCA Continuum and ABCA FX. ABCA Continuum applies a market-neutral and high-frequency systematic investment process to global equities,...