Key Takeaways
- • RAM Active Investments SA, a Geneva-based systematic asset manager, is launching the RAM (LUX) Systematic Funds – Diversified Alpha, a UCITS fund designed to deliver asymmetric returns with low correlation to global markets.
- • The fund is available to investors in France, Finland, Germany, Italy, Luxembourg, Norway, Portugal, Sweden, Switzerland and the United Kingdom as of November 10, 2020.
- • The strategy uses a genetic algorithm to select the 'fittest' alphas, which are reassessed several times per year to adapt to changing market conditions.
- • RAM AI manages approximately USD 2 billion in assets under management as of end-June 2020, with more than 40 employees and offices in Geneva, Zurich, Luxembourg and Milan.
- • Philippe Huber and Tony Guida are the fund managers, with the strategy led by Founding Partner Maxime Botti and the systematic macro team.
Summary
RAM Active Investments SA ("RAM AI"), a systematic asset manager based in Geneva, is launching the RAM (LUX) Systematic Funds – Diversified Alpha (the "Fund"), according to a Business Wire release. The Fund seeks to deploy a systematic investment process that exploits volatility and dispersion within a broadly diversified global asset allocation, with the stated intention of offering asymmetric returns with low correlation to global markets. The manager positions the Fund as a diversifier that seeks absolute returns both in normal market conditions and during market dislocations.
Maxime Botti, Founding Partner and Senior Fund Manager at RAM AI, who heads the systematic macro team, said the portfolio construction methodology is built on technological innovation and mirrors the approach used in RAM AI's Alternative Investment Fund strategy, which aims to provide returns uncorrelated to mainstream asset classes over the medium term. Philippe Huber and Tony Guida, Fund Managers and Researchers, are the day-to-day managers.
The dispersion modelling approach is described as agnostic and adaptive. RAM AI models relationships between liquid assets on a relative basis across multiple dimensions and analyses large volumes of data on an ongoing basis to identify profitable strategies across short to long-term time frames. Huber described the use of genetic algorithms, borrowed from natural sciences, as a means of selecting the fittest alphas to make the strategy more robust. Guida said the model is designed to adapt as markets change, citing reduced independence of markets and central bank intervention. Alphas are reassessed several times per year.
The Fund is available in UCITS format from November 10, 2020, to investors in France, Finland, Germany, Italy, Luxembourg, Norway, Portugal, Sweden, Switzerland and the United Kingdom. RAM AI was founded in 2007 by Thomas de Saint-Seine, Maxime Botti and Emmanuel Hauptmann, and has been an affiliate of Mediobanca Group since March 2018. The firm reported USD 2 billion in assets under management as of end-June 2020.
Maxime Botti, Founding Partner and Senior Fund Manager at RAM AI, who heads the systematic macro team, said the portfolio construction methodology is built on technological innovation and mirrors the approach used in RAM AI's Alternative Investment Fund strategy, which aims to provide returns uncorrelated to mainstream asset classes over the medium term. Philippe Huber and Tony Guida, Fund Managers and Researchers, are the day-to-day managers.
The dispersion modelling approach is described as agnostic and adaptive. RAM AI models relationships between liquid assets on a relative basis across multiple dimensions and analyses large volumes of data on an ongoing basis to identify profitable strategies across short to long-term time frames. Huber described the use of genetic algorithms, borrowed from natural sciences, as a means of selecting the fittest alphas to make the strategy more robust. Guida said the model is designed to adapt as markets change, citing reduced independence of markets and central bank intervention. Alphas are reassessed several times per year.
The Fund is available in UCITS format from November 10, 2020, to investors in France, Finland, Germany, Italy, Luxembourg, Norway, Portugal, Sweden, Switzerland and the United Kingdom. RAM AI was founded in 2007 by Thomas de Saint-Seine, Maxime Botti and Emmanuel Hauptmann, and has been an affiliate of Mediobanca Group since March 2018. The firm reported USD 2 billion in assets under management as of end-June 2020.
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