Systeia, an alternative investment hedge fund management company in Paris, has hired Dr. Julien Lederer, a mathematician from the University of Paris, to develop trading models, according to Jean-Louis Juchault, ceo. Juchault formed Systeia earlier this year with David Obert. Both had previously worked together at Banque de Reescompte et de Placement Gestion (Barep), an alternative investment manager with EUR5 billion (USD4.4 billion) under management. Systeia hopes to have some 10-15 traders on board by year-end. Lederer could not be reached.
The fund manager is preparing to launch a systematic futures program, a systematic long/short equity program, a convertible arbitrage fund, a merger arbitrage fund and an exotics fund that primarily will invest in over-the-counter weather derivatives. The company has a firm commitment of EUR250 million from Credit Lyonnais, Jouchault noted.
