Systematica Investments

Last updated

Systematica Investments Limited
Company type Private
Industry Investment management
PredecessorBlueTrend
FoundedJanuary 2015;9 years ago (2015-01)
Founder
  • Leda Braga
Headquarters
St Helier
,
Jersey
Key people
Leda Braga (CEO)
Products Hedge funds
Quantitative finance
AUM US$15 billion (2024)
Owners Affiliated Managers Group
Website www.systematica.com
Footnotes /references
[1]

Systematica Investments (Systematica) is a quantitative investment management firm. It is focused on a quantitative and systematic approach to investing.

Contents

The firm is headquartered in Jersey with additional offices in Geneva, London, New York, Pasadena, Singapore and Shanghai.

Background

The origins of Systematica can be traced to BlueTrend, a computer-driven fund using a managed futures strategy that was part of BlueCrest Capital Management. It was founded in 2004 by Brazilian-born Leda Braga. From 2004 to 2014, the fund averaged a return of over 11% a year and was one of BlueCrest's largest funds. [2] [3]

In late 2014, there were plans to spin off BlueTrend into a separate new firm by the end of the year. It would be named Systematica Investments and would be led by Braga to manage the BlueTrend branded funds. This came at the time BlueCrest was having performance issues and investors were withdrawing money from it. The spinoff would allow BlueTrend to control risk and to exclusively focus on serving its investors. [2] [4] [5]

In January 2015, BlueTrend was spun off as Systematica Investments which would use computers to mine large data sets to find investment opportunities along with algorithmic trading techniques. It would be controlled by Braga and her team although BlueCrest would still have a 49% stake in it. At the time, the firm had around 8.4 billion in assets under management (AUM) and 100 employees. Its flagship fund was named BlueTrend. [3] [4] [5] [6]

In November 2015, BlueCrest sold of the majority of its stake in Systematica to Affiliated Managers Group (AMG). AMG's then-CEO, Sean Healey stated the deal was agreed on after he met with Michael Platt at 5 Hertford Street for dinner in Spring that year. A key recommendation came from Andrew Feldstein who had previously worked at BlueCrest and lafter founded his own firm BlueMountain Capital Management. At this time Systematica's AUM figures had supposed those of BlueCrest. [5] [6] [7]

In November 2017, Systematica received a $120 million backing from Old Mutual Global Investors to launch a UCITS product in Europe named Systematica Alternative Risk Premia (SARP) which was aimed at retail investors. [8]

In January 2022. Braga and AMG acquired BlueCrest's remaining stake in Systematica effectively ending Systematica's ties to BlueCrest. [1]

From 2022 to 2024, Systematica recruited a team of “feature engineers” to introduce and format alternative data sources for its investment strategies. [9]

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References

  1. 1 2 "Leda Braga, AMG Acquire BlueCrest's Stake in Hedge Fund Systematica". Bloomberg.com. 18 January 2022. Archived from the original on 27 January 2022. Retrieved 16 October 2023.
  2. 1 2 Chung, Juliet; Fletcher, Laurence (26 September 2014). "BlueCrest Spinning Off BlueTrend Hedge Fund Into New Company". Wall Street Journal. ISSN   0099-9660. Archived from the original on 29 September 2014. Retrieved 16 October 2023.
  3. 1 2 Delevingne, Lawrence (11 February 2015). "Woman's $8.2 billion firm is off to a huge start". CNBC. Archived from the original on 16 October 2023. Retrieved 16 October 2023.
  4. 1 2 "BlueCrest Spins Off Braga's BlueTrend, Fires Managers". Bloomberg.com. 26 September 2014. Archived from the original on 13 March 2016. Retrieved 16 October 2023.
  5. 1 2 3 "Platt's BlueCrest Sells Stake in Braga's Systematica to AMG". Bloomberg.com. 8 November 2015. Archived from the original on 19 May 2022. Retrieved 16 October 2023.
  6. 1 2 Wigglesworth, Robin (9 November 2015). "AMG buys stake in Leda Braga's hedge fund". Financial Times. Archived from the original on 16 October 2023. Retrieved 16 October 2023.
  7. ↑ Fletcher, Laurence (8 November 2015). "BlueCrest Capital Management to Sell Majority of its Stake in Leda Braga's Systematica". Wall Street Journal. ISSN   0099-9660. Archived from the original on 16 October 2023. Retrieved 16 October 2023.
  8. ↑ Walker, Owen (13 November 2017). "Hedge fund star targets retail investors". Financial Times. Retrieved 16 October 2023.
  9. ↑ Brumpton, Harry (30 September 2024). "Hedge Fund Systematica Taps a New Type of Whiz to Wrangle Data". Bloomberg News. Retrieved 12 November 2024.
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