Funds of Hedge Funds

Cube Capital’s contrary approach pays off


A willingness to invest in markets where others fear to tread has enabled the firm to survive the financial crisis and to thrive in its aftermath

By Claire Makin

François Buclez
Put some very smart investment bankers in charge of a fund of hedge funds, and the result is a racing version that makes the traditional model look a bit clunky, like a Ferrari alongside a Cadillac.

For a start, says François Buclez, who co-founded Cube Capital in 2003 along with Alan Sipols and Oleg Pavlov, Cube is a hands-on dynamic allocator with strong macro views. The team is not afraid to use complex overlays (not just ETFs and index futures) and even invests directly in the